# Vietnam raises reference exchange rate - Xinhua | English.news.cn

> The State Bank of Vietnam raised its reference exchange rate by 8 dong to 22,575 per dollar on June 12, with the trading band set at plus or minus 3 percent. Commercial bank rates moved differently, with BIDV up 5 dong and Vietcombank unchanged.

- Date: 2018-06-12 · published 2018-06-12T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64824-vietnam-raises-reference-exchange-rate-xinhua-english-news-cn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A small weakening of the dong modestly raises the cost of dollar-priced feed imports into Vietnam. The move is routine and has little effect on global commodity prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-06/12/c_137248380.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.