Loading…
The National Financial Supervisory Commission forecasts the dong will face its greatest pressure in 2017 from foreign currency demand, driven by a rising trade deficit expected to reach 3.5% of export turnover. Strong foreign investment inflows have so far offset this pressure.
The commission also warned that a sharp Chinese yuan depreciation would hurt Vietnam.
Pressure on the dong raises the dollar cost of imported feed inputs such as corn, soybean meal and DDGS. A weaker yuan could also cut Chinese demand for Vietnamese exports.
en.vietnamplus.vnVietnam+ (VietnamPlusMay 15, 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.
