The EUR to VND exchange rate is currently range-bound, trading near its recent average.
Key drivers include the interest rate differential, as the European Central Bank maintains rates while signaling caution against a stronger euro potentially lowering inflation. Meanwhile, Vietnam targets robust economic growth of around 10% for 2026, which supports the VND’s upward potential. Geopolitical tensions, notably the ongoing war in Ukraine, continue to impact the euro's stability, while the energy market remains volatile, with oil prices under pressure.
The expected trading range for the EUR to VND is stable, reflecting limited volatility in the near term. An upside risk could emerge if economic data from the Eurozone shows unexpected strength, while a downside risk is the potential geopolitical escalation that could undermine confidence in the euro.