Recent forecasts for the SGD to VND exchange rate indicate a stable environment influenced by various monetary and economic developments in both Singapore and Vietnam. Currently, the SGD to VND rate is situated at 20,348, which is consistent with its three-month average and has fluctuated within a narrow range of 2.8% from 20,120 to 20,677.
For the Singapore Dollar, the Monetary Authority of Singapore (MAS) adopted a more accommodative monetary policy in early 2025, characterized by a reduction in the slope of its exchange rate policy band. This decision, intended to foster economic growth, came amidst projections of lower core inflation. However, with stronger-than-expected economic growth reported in the third quarter, which came in at 2.9% year-on-year, MAS appears poised to maintain its current policy approach. Experts suggest that as global trade tensions continue, particularly with the U.S., there may still be pressures on the SGD, although current economic indicators provide a robust foundation.
Vietnam's Đồng, on the other hand, faces potential challenges stemming from external economic factors. The VND is forecasted to depreciate by around 3% against the U.S. dollar in 2025, driven by the strength of the U.S. dollar and broader global economic trends. Additionally, the introduction of new cryptocurrency regulations mandating transactions in VND could impact demand dynamics for the currency. Severe weather events, such as flooding in Northern Vietnam, have also affected the economic landscape, leading to substantial financial losses.
As market analysts observe, the interplay of these factors could lead to a continuously stable SGD to VND exchange rate in the near term, provided that the current economic trends hold. Stakeholders engaged in international transactions should remain vigilant about both global economic indicators and local developments that could impact the exchange rate landscape.
