# Exchange rate no problem for Viet Nam

> The dong has weakened against the US dollar in recent weeks, a move that surprised investors and analysts. The State Bank of Vietnam's daily reference rate rose from 22,415 at end-2017 to 22,605 on May 29, about 0.8%, its highest since January 2016.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/65315-exchange-rate-no-problem-for-viet-nam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Persistent dong weakness increases the cost of dollar-denominated feed ingredient imports for Vietnamese compounders, though the total move remains small. Buyers should expect a gradual rather than abrupt effect on landed feed costs.

## Read by commodity

- USDVND: bullish ▲

## Sources

- bizhub.vietnamnews.vn: https://bizhub.vietnamnews.vn/exchange-rate-no-problem-for-viet-nam-post295414.html

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