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Vietnam agricultural and currency market updates
Vietnam's agricultural sector is preparing for a projected 10% to 15% increase in food demand during the year-end and Lunar New Year periods. Livestock and poultry producers are actively managing supplies, with regional statistics showing a total livestock population of over 367,000 animals and a poultry population of 37.9 million. While some producers report high yields, pig farmers face market fluctuations with prices hovering around 50,000 VND/kg.
In the agricultural commodity markets, rice prices in the Mekong Delta remained stable on October 28. Export raw rice prices, such as CL 555 and IR 504, fluctuated between 8,700 and 8,800 VND/kg. Meanwhile, the domestic currency market saw the State Bank of Vietnam set the central exchange rate at 25,631 VND/USD, a slight decrease from the previous session. Commercial banks showed mixed adjustments, with some maintaining stable rates while others saw slight increases in USD buying and selling prices.
Entities
Federal Reserve · Mekong Delta · State Bank of Vietnam · Techcombank · Vietcombank
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Food demand is expected to increase by 10% to 15% during the year-end and Lunar New Year periods. baophutho.vn
- [○ 1 SOURCE] The total livestock population in the province reached over 367,000 animals as of late September. baophutho.vn
- [○ 1 SOURCE] Rice prices in the Mekong Delta remained stable on October 28. thuonggiaonline.vn
- [○ 1 SOURCE] Pig prices are currently around 50,000 VND/kg. baophutho.vn
- [○ 1 SOURCE] The Dollar Index (DXY) maintained a level around 102.4 points. giavang.net
- [○ 1 SOURCE] The State Bank of Vietnam announced a central exchange rate of 25,631 VND/USD on October 28. giavang.net