# Dollar nears VND22,900 in Vietnam as cbank sets midpoint at year’s highest | Vietstock

> The State Bank of Vietnam set the dollar/dong midpoint at 22,605 on May 29, up 9 dong (0.84%) from the previous day and the highest of 2018 so far. Commercial banks quoted the greenback near 22,900, with Sacombank listing the highest rate at 22,895.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/65314-dollar-nears-vnd22-900-in-vietnam-as-cbank-sets-midpoint-at-year-s-highest
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dollar against the dong raises the local-currency cost of dollar-priced feed imports such as corn, soybean meal and DDGS for Vietnamese buyers. The move is modest and driven by central bank rate-setting, so it adds only a small cost pressure.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/05/dollar-nears-vnd22900-in-vietnam-as-cbank-sets-midpoint-at-year%E2%80%99s-highest-37-322922.htm

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