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The State Bank of Vietnam has kept the dong-dollar rate fairly stable through its anti-dollarisation efforts, but the dollar has strengthened against the dong on both official and unofficial markets since the US election. On February 23 the central bank raised the reference rate to a record 22,231 VND per USD, and some commercial banks widened their selling rates by about 5 VND.
Analysts expect US tariff plans and Fed rate hikes to pull more dollar holdings out of Vietnam.
A stronger dollar against the dong raises the local-currency cost of dollar-priced feed ingredients imported by Vietnamese buyers, and it may reduce dollar inflows that support import capacity.
en.vietnamplus.vnVietnam+ (VietnamPlusFeb 27, 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.
