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Overseas remittances to Vietnam rose 10.4% in 2017 to over US$10 billion, reversing a 2016 decline. Most of the money came from the US and Europe, and the State Bank of Vietnam reported strong forex purchases.
Higher remittance inflows support the dong and household spending power, which can aid demand for imported feed and food. The effect on feed commodity prices is modest.
english.vov.vnVietnamnetFeb 21, 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.
