US dollar on the decline: Vietnam's exchange rate remains stable!

US dollar on the decline: Vietnam's exchange rate remains stable!

There are exciting developments in the Vietnamese foreign exchange market on September 7, 2025. The State Bank of Vietnam (SBV) today published the central exchange rate of the US dollar at 25,248 VND/USD, an increase of 10 VND compared to the previous day. The adjustments on the SBV exchange also show movement: here the reference rate was set at 24,036 VND/USD (buy) and 26,460 VND/USD (sell). In domestic commercial banks, the USD rate rose slightly, with Vietcombank worth mentioning at 26,160 - 26,510 VND/USD, followed by BIDV and VietinBank with similar prices.

Another point: the free dollar price has remained stable, while the exchange rate on the black market remains at 26,814 – 26,914 VND/USD. However, this stability is no coincidence: the US dollar is currently under downward pressure on the international market, which is due, among other things, to expectations of interest rate developments from the Federal Reserve. The Fed is expected to make fewer rate cuts, which could further weigh on the USD.

Global influences and forecasts

An analysis of the current situation shows that the dollar index (DXY) fell by 0.62 percent to 97.74 points. The reasons for this are varied. Expected interest rate cuts by the Fed due to weaker labor market data, as well as political uncertainties increasing selling pressure on the USD, play a crucial role. These changes lead analysts to believe that downward pressure on the US dollar will continue in the near term as the Fed's interest rate decision is closely watched in the market.

Loud Viet Nam News The interbank exchange rate in Vietnam is now VNĐ25.453 per dollar and has increased by almost five percent since the beginning of the year. It is also important to remember that SBV has sold approximately $6.5-7 billion since the beginning of the year to stabilize the forex market. These measures strengthen confidence in the Vietnamese market.

Stability despite challenges

Financial expert Dr. Cấn Văn Lực believes that the USD/VNĐ exchange rate will remain stable in the near future. This is particularly supported by the relatively good demand for the dollar and the subsiding of the initial excitement following the election of Donald Trump. Some are hoping that slower rate cuts will allow the Fed to maintain loose monetary policy, which could have a positive impact on the stock price. The Dong is expected to depreciate by only 2.5-3% against the dollar.

Conclusion: While a lot is happening at the international level and political uncertainties are putting pressure on the foreign exchange market, the Vietnamese foreign exchange market remains stable under the supervision of the SBV. The loss of distance between bank interest rates and the black market rate even shows a positive trend. Investors therefore have reason to hope that the situation will calm down and that they can soon expect a satisfactory price again.