Business

Vietnam dong one of most stable currencies in Asia: Experts

Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.
Vietnam dong one of most stable currencies in Asia: Experts ảnh 1Illustrative image (Source: thoibaonganhang.vn)
Hanoi (VNA) – Amid the fluctuation of the globalfinancial market, the exchange rate in Vietnam has remained stable in the firstfour months of this year, and the Vietnam dong has been considered one of the most stablecurrencies in Asia, according to experts.

Market analysis reports released by Mirae Asset Securities Vietnamshowed that in April, the USD/VND exchange rate dropped 0.2% and the average exchange rate hovered around 23,500 VND/USD during the month. The rate has remained stable throughout the January-April period.

The United Overseas Bank (UOB) rated the Vietnam dong as one of the most stable currencies in Asia, despite significant changes in the Fed's interest rate hike expectations as well as concerns about a global recession and instability of the US banking system.
Mirae Asset noted that the State Bank of Vietnam had bought a large volume of foreign currency in the first four months, raising the foreign exchange reserves to around 90 billion USD.   
Vietnam dong one of most stable currencies in Asia: Experts ảnh 2The Vietnam dong is considered one of the most stable currencies in Asia. (Photo: laodong.vn)
Dao Xuan Tuan, head of the Foreign Exchange ManagementDepartment under the State Bank of Vietnam (SBV) said that since the end of2022, the foreign exchange market has developed positively and gradually become stable. TheUSD/VND exchange rate tends to decrease and stabilise again, he said, adding thatthe recovery of the Vietnamese currency against the US dollar since December 2022 was similar to that of manyother currencies in the region such as the Japanese yen, Chinese yuan, the won of the Republic Korea and the Thai baht. 

Tuan said that the increase of foreign currency supplyenabled the SBV to buy more foreign currencies for the foreign exchange reserves.

In the first four months of this year, the SBV bought nearly4.9 billion USD from credit institutions, up about 1 billion USD from theamount recorded at the end of the first quarter of 2023.

Experts from VNDirect forecast that Vietnam's foreignexchange reserves will recover to reach 102 billion USD by the end of this year./.
VNA
#Vietnam dong #USD/VND exchange rate #Mirae Asset Securities Vietnam #United Overseas Bank (UOB) #global recession #Vietnamese currency #foreign exchange reserves #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

See more

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.

Vietnamese fruits introduced to German consumers (Photo: VNA)

“Vietnamese Goods Day” promotes agricultural products in Germany

Vietnamese Ambassador to Germany Nguyen Dac Thanh said the event, held close to Vietnam’s Lunar New Year, helped promote Vietnamese tropical fruits while introducing Vietnamese cultural values to German consumers, and creating opportunities for Vietnamese businesses to connect directly with German importers.

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.