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Vietnamese dong Markets

VND Currency Update - Our review of Vietnamese dong forecasts and news plus charts and historic rates. Check VND Trends over various time periods.

 

The recent developments in the exchange rate between the US dollar (USD) and the Vietnamese đồng (VND) reflect a complex interplay of factors influencing both currencies. Analysts have noted that the USD has faced considerable challenges, particularly due to domestic labor market jitters and the ongoing uncertainty surrounding a possible US government shutdown. These issues have led to sentiment deterioration for the USD, highlighted by disappointing employment figures and a lack of clarity regarding upcoming payroll data. Observers are turning their focus to the ISM services PMI, which could offer the USD a chance for recovery if it indicates robust expansion in the service sector.

In contrast, the Vietnamese đồng is projected to depreciate against the USD by approximately 3% in 2025, as highlighted by experts from Vietcombank Securities Company (VCBS). This forecast is attributed to a strong USD and prevailing global economic trends. Additionally, the State Bank of Vietnam has recently engaged in measures to stabilize the VND by deploying around $1.5 billion through forward contracts aimed at monitoring and managing market volatility.

The current USD to VND exchange rate is near 30-day lows at approximately 26,361, slightly above its three-month average and within a narrow trading range of 1.2%, between 26,114 and 26,434. These figures reflect a period of relative stability, although ongoing shifts in monetary policy and external economic pressures remain critical to watch.

Furthermore, developments such as the introduction of cryptocurrency exchange licensing in Vietnam and new regulations on large money transfers indicate the country's efforts to modernize its financial market. However, these changes may also introduce additional complexities into the currency dynamics, especially as the VND faces pressures from global economic influences and potential policy shifts.

Markets will need to stay alert to upcoming economic data releases and geopolitical developments, as these will significantly impact the USD/VND exchange rate in the coming months.

 

US dollar to Vietnamese dong - USD/VND Trend

 
USD to VND is at 30-day lows near 26361, just above its 3-month average, having traded in a stable 1.2% range from 26114 to 26434
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1 USD =
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VND
 
30dLows
1d0.0%
 
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