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Foreign remittances to Vietnam were estimated at US$13.8 billion for 2017, a 16% year-on-year rise according to the World Bank. The National Centre for Socio-Economic Information and Forecast expects remittances to come under pressure in 2018 because of tighter US immigration policy and Fed rate hikes.
Weaker remittance inflows could reduce household purchasing power and dollar liquidity in Vietnam, which may soften demand for imported feed and put mild pressure on the dong.
vovvn-fe.solidtech.vnVOVMar 14, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
