The recent forecasts for the EUR to VND exchange rate indicate a period of uncertainty and stability, shaped by developments within both the Eurozone and Vietnam. As of early December 2025, the EUR is trading at approximately 30,932 VND, just 0.8% above its three-month average, suggesting a relatively stable outlook within a narrow trading range of 30,210 to 31,210 VND.
The euro has been affected by political uncertainties, particularly surrounding Bulgaria's potential entry into the Eurozone amid a government resignation and street protests. Analysts expect that Eurozone industrial production metrics may provide directionality for the euro, especially given anticipated slowdowns that could dampen demand. Furthermore, the European Central Bank's (ECB) recent reaffirmation of a G7 stance on exchange rates, alongside the recent rise in Eurozone inflation from 2.1% to 2.2%, could impact future interest rate decisions and, in turn, the euro's strength.
In contrast, the Vietnamese đồng is facing pressures that may contribute to its depreciation against the euro. Experts anticipate that the VND could depreciate by around 3% against the US dollar, which may also influence its relationship with the euro. Developments such as a new regulatory framework for cryptocurrency transactions in Vietnam, severe flooding in Northern Vietnam causing economic losses, and new reporting requirements for large money transfers are further complicating the currency's stability.
Aside from these developments, global oil prices remain a relevant factor, as fluctuations can influence economic conditions in the Eurozone and Vietnam alike. Current oil prices are about 5.1% below their three-month average, suggesting some price stability, albeit within a volatile range.
Looking ahead, currency analysts will continue to monitor both macroeconomic indicators and political events in the Eurozone, as well as the emerging economic landscape in Vietnam, to gauge their impact on the EUR/VND exchange rate. Overall, while the euro exhibits relative strength, the forecast for the đồng remains mixed amidst economic instability and regulatory changes.
