# Rising import value causes rates to fluctuate: NFSC

> The National Financial Supervisory Commission attributed Q1 2017 dong volatility to a sharp rise in imports, which turned the trade balance into a deficit of about 1.9 billion USD. The dong has risen since mid-February and often approached the bank's cap.

- Date: 2017-04-11 · published 2017-04-11T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/71774-rising-import-value-causes-rates-to-fluctuate-nfsc
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stronger import demand for dollars pressures the dong, raising the local-currency cost of imported feed ingredients.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/rising-import-value-causes-rates-to-fluctuate-nfsc-post110045.vnp

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