# Stable Vietnam Currency Is Aiding Central Bank in Growth Push - Bloomberg

> A senior State Bank of Vietnam official said remittances to Ho Chi Minh City are forecast to rise 10% to $5.5 billion this year. The inflows should keep the dong stable and let the central bank focus on growth.

- Date: 2017-09-25 · published 2017-09-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/69241-stable-vietnam-currency-is-aiding-central-bank-in-growth-push-bloomberg
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stable currency and steady remittances support Vietnamese consumer spending and feed demand, but the effect on commodity prices is marginal.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-09-25/stable-vietnam-currency-seen-aiding-central-bank-in-growth-push

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