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Currency outlook USD/VND

USD to VND Forecasts – US dollar to Vietnamese dong

Latest USD to VND forecasts including bank predictions, key market drivers and recent trends for USD/VND. See where analysts expect the pair to move and the factors likely to influence it.

USD to VND Forecast & Outlook

25 Jul 2026 • 01:10 GMT

USD/VND 26335

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: N/A
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, USD/VND is trading near 30-day highs close to the 3-month average, supported by risk-off sentiment and safe-haven flows. Over the next few sessions, the pair may remain supported, but conditions could face pressure if risk appetite improves and safe-haven demand diminishes.

💸 Transfer implications

  • Expats: sending money to Vietnam may find current rates more favourable than recent levels.
  • Travellers: exchanging cash or loading currency cards may see somewhat supportive conditions for USD to VND conversions.
  • Businesses: paying overseas VND invoices with USD might experience less favourable exchange rates if the pair weakens.

🧭 Key drivers

  • Rate gap: The USD remains supported by a hawkish Fed outlook, keeping the spread near recent highs.
  • Risk/commodities: Risk-off conditions driven by geopolitical tensions support USD and pressure EMFX like VND.
  • Global factors: Safe-haven flows driven by geopolitical tensions are exerting pressure on risk-sensitive currencies.

⚠️ What could change it

  • Upside risk: A reduction in risk aversion or easing geopolitical tensions could weaken the USD and support the VND.
  • Downside risk: Further risk-off flows or a Fed delay in rate hikes could sustain USD strength, capping VND gains.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

 

USDVND Bank Forecasts to end of the year

The outlook for USD/VND towards the end of 2026 reveals varying expectations from major financial institutions. DBS Bank forecasts a gradual decrease in the USD/VND rate, expecting it to reach approximately 26,000 by the end of 2026, influenced by a stable Vietnamese economic environment and reform progress. In contrast, MUFG projects the pair climbing to around 26,600 by December 2026, due to potential oil-related disruptions and ongoing economic pressures. Despite these differing predictions, both forecasts suggest moderate pressure on the Vietnamese Dong through the year.

Big bank views

  • DBS Bank anticipates USD/VND to decrease to around 26,000 by year-end 2026.
  • MUFG Research expects USD/VND to climb towards 26,600 by December 2026.
  • MUFG’s alternative scenario considers USD/VND exceeding 27,000 if geopolitical tensions persist.

What could change the outlook

  • Geopolitical developments, particularly in the Middle East, could significantly impact oil prices and USD/VND dynamics.
  • Changes in US Federal Reserve's interest rate policy may alter investor sentiment and impact USD strength.
 

USD-VND Rate Calculator

 
 
   
   
   
   
   
 
 

USD to VND Market Data

US dollar (USD) to Vietnamese dong (VND) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell USD   →   Buy VND
1 USD =
26,320We compare provider deals to this wholesale mid-market rate. Read more
VND
1d0.0%⬦
USD to VND is at 30-day highs near 26335, near its 3-month average, having traded in a stable 0.5% range from 26254 to 26375
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Compare & Save - US dollar to Vietnamese dong

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Vietnamese dong (VND) rates from different sources before making a conversion.

Use our USD to VND calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Dong currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Vietnamese dong?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/VND to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more