Keyword: "USD/VND exchange rate"

The USD/VND exchange rate has seen notable developments in the first month of 2024 when it increased significantly in both official and free markets.

On the OMO channel, the State Bank of Vietnam lent commercial banks a total of nearly 35.62 trillion VND with an interest rate of 4%. Last week saw a maturity amount of more than 33.5 trillion VND on the channel, so the SBV’s total net injection via this was 2.09 trillion VND. ​

The US Dollar Index (DXY) is projected to stay high and persist longer than anticipated throughout 2025, exerting continued pressure on the Vietnamese dong exchange rate.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,248 VND/USD on December 9, down 7 VND from that on December 6.

Experts have predicted increased volatility in Vietnam’s foreign exchange market from now to the end of 2024, especially when the US presidential election unfolds.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,133 VND/USD on October 4, up 18 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,137 VND/USD on September 16, down 35 VND from the last working day of the previous week (September 13).

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,250 VND/USD on August 23, up 3 VND from the previous session.

The State Bank of Vietnam set the daily reference exchange rate at 24,241 VND/USD on August 5, down 1 VND from the last working day of previous week (August 2).

The State Bank of Vietnam (SBV) has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel, which will help raise the interbank interest rates and reduce pressure on the USD/VND exchange rate.

Inflationary pressure may increase between now and the year’s end due to impacts of multiple factors, requiring the Government take proactive and flexible actions, some experts have said.

Standard Chartered has downgraded the GDP growth forecast for Vietnam this year to 5% from the previous prediction of 5.4%. The bank’s financial expert still sees this number as challenging for the current economy.

Experts predict that recent fluctuations in foreign exchange rates are short-term, and the Vietnamese currency, the dong, will trend to appreciate again in the medium to long term.

The State Bank of Vietnam set the daily reference exchange rate at 23,978 VND/USD on August 30, up 15 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23.898 VND/USD on August 23, up 12 VND from the previous day.

Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the USD/VND exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook of Vietnam in the second half of 2023, experts said.

The State Bank of Vietnam set the daily reference exchange rate at 23,831 VND/USD on August 9, up 29 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,773 VND/USD on August 2, up 16 VND from the previous day.

The State Bank of Vietnam set the daily reference exchange rate at 23,736 VND/USD on July 27, down 10 VND from the previous session.

The State Bank of Vietnam set the daily reference exchange rate at 23,734 VND/USD on July 21, up 3 VND from the previous day.