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The State Bank of Vietnam reports that the dong's exchange rate and foreign currency market have stayed stable in 2017. The USD price index fell 0.07% in October from end-2016, and the ten-month average rose only 1.67% year on year.
The central bank has built foreign reserves to a record US$46 billion.
A stable dong keeps the local cost of USD-priced feed ingredient imports predictable for Vietnamese buyers, with no notable price pressure from currency moves.
en.vdb.gov.vnNov 28, 2017Not 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.
