# Vietnam Is Following The Asian Tiger Currency Formula For Rapid Economic Growth

> A Forbes commentary argues that the State Bank of Vietnam is buying dollars after a devaluation, and that strong economic growth and foreign investment are putting upward pressure on the dong. It suggests the central bank may give in to pressure to let the currency rise.

- Date: 2018-01-15 · published 2018-01-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67283-vietnam-is-following-the-asian-tiger-currency-formula-for-rapid-economic-growth
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The commentary is opinion on currency direction with no direct supply or demand effect on feed commodities. Any dong appreciation would only marginally change Vietnamese import costs.

## Read by commodity

- USDVND: neutral

## Sources

- forbes.com: https://www.forbes.com/sites/salvatorebabones/2018/01/15/vietnam-is-following-the-asian-tiger-currency-formula-for-rapid-economic-growth/

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