Recent forecasts regarding the MYR to VND exchange rate indicate a strengthening of the Malaysian Ringgit amid favorable economic conditions, while the Vietnamese Đồng faces depreciation pressures.
The Malaysian Ringgit has recently appreciated to a 13-month high, primarily supported by optimistic growth projections and a stable interest rate environment, as indicated by Bank Negara Malaysia's decision to maintain the Overnight Policy Rate at 3%. Analysts attribute this strength to Malaysia's robust GDP growth of 5.2% in Q3 2025 and successful trade agreements established during the ASEAN Summit, which enhance export prospects significantly. The diverse factors contributing to this uptrend suggest that the MYR is likely to maintain its current momentum against the VND.
Conversely, the Vietnamese Đồng is forecasted to depreciate by approximately 3% against the US dollar in 2025. The VND's depreciation is largely attributed to a strong US dollar and external pressures, including tariffs imposed on Vietnamese exports by the US. Experts note that the State Bank of Vietnam's intervention measures, including selling $1.5 billion to stabilize the currency, highlight ongoing challenges that may lead to further depreciation of the VND.
As the MYR currently trades at 6,350 VND, it stands about 1.2% above its three-month average, which falls within a relatively stable range. Meanwhile, oil prices have shown volatility, trading at $62.56, which is 4.4% below its three-month average. Given Malaysia's reliance on oil exports, fluctuations in oil prices could impact the MYR's strength, emphasizing the importance of monitoring global oil trends alongside currency movements.
In summary, the outlook for the MYR against the VND appears positive in the short term, bolstered by strong economic indicators and strategic policy decisions. In contrast, the VND faces challenges from both external economic pressures and internal policy adjustments, indicating a complex trading environment for currency pairs involving the MYR and VND.
