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Vietnam's dong has been among the most stable currencies in Asia in 2017, weakening about 1% against the US dollar year to date. Remittances, which reached US$13.4 billion in 2016, and foreign direct investment inflows, which totaled US$28.24 billion in the first ten months, have supported dollar supply.
The State Bank of Vietnam has said its reserves allow it to stabilize the money market when needed.
Steady currency conditions and ample dollar supply keep Vietnamese feed importers' USD costs predictable, with no clear upward pressure on prices.
english.vov.vnVNANov 1, 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.
