# Vietnamese economy urged to be cautious of external shocks

> A Vietnamese economic scholar warned that the economy must be cautious of external shocks in 2017, citing possible US Fed rate hikes and oil production cuts by major producers. The report forecasts 6.4% growth and 5.9% inflation for the year, below the 6.7% growth target.

- Date: 2017-01-16 · published 2017-01-16T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/73283-vietnamese-economy-urged-to-be-cautious-of-external-shocks
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar from Fed hikes would raise Vietnam's import costs for feed ingredients, while higher oil prices from OPEC cuts would push up domestic inflation. Both are modest pressures on the feed sector.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-17 | [Haddad blames external factors for weakened real](https://feedsoft.ai/events/11279-haddad-blames-external-factors-for-weakened-real.md) | -2.3% | -7.9% |
| WTI | 2017-07-31 | [Oil surges as dollar continues slide against the yen \| EconomyNext](https://feedsoft.ai/events/70214-oil-surges-as-dollar-continues-slide-against-the-yen-economynext.md) | -0.3% | -4.0% |
| WTI | 2022-04-26 | [Ukraine war to cause biggest price shock in 50 years - World Bank](https://feedsoft.ai/events/41883-ukraine-war-to-cause-biggest-price-shock-in-50-years-world-bank.md) | +6.0% | +11.1% |
| WTI | 2024-03-28 | [Canadian dollar gains as data shows economy ‘humming along’ - The Globe and Mail](https://feedsoft.ai/events/31432-canadian-dollar-gains-as-data-shows-economy-humming-along-the-globe-and-mail.md) | +6.4% | +3.2% |
| WTI | 2020-10-30 | [Crude futures rise on ECB stimulus expectations, robust US economic data \| S&P Global](https://feedsoft.ai/events/50820-crude-futures-rise-on-ecb-stimulus-expectations-robust-us-economic-data-s-and-p.md) | +7.3% | +26.5% |

## Sources

- en.nhandan.vn: https://en.nhandan.vn/vietnamese-economy-urged-to-be-cautious-of-external-shocks-post48574.html

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