USD price exceeds 26,100 VND for the first time, what does the State Bank say?

On the morning of April 8, the central exchange rate was listed by the State Bank at 24,898 VND/USD, up 12 VND/USD compared to yesterday. Since the beginning of April, the central exchange rate has increased by about 60 VND/USD.

The State Bank also raised the USD selling price at the State Foreign Exchange Reserve Management Department to 26,092 VND/USD, and the buying price to 23,704 VND/USD, a sharp increase compared to previous days.

Commercial banks simultaneously adjusted their USD trading prices this morning, exceeding VND26,100. Vietcombank listed the USD buying price at VND25,770 and selling price at VND26,130, up VND70 compared to before the Hung Kings Commemoration Day holiday. BIDV sold USD at a lower rate of VND26,120 while Eximbank and Sacombank increased their selling price to VND26,140/USD.

Since the beginning of April, the USD price at commercial banks has increased by about 120 VND (+0.46%).

The USD price in Vietnam increased in the context that the USD index on the international market (DXY) is at its lowest level since October 2024, trading around 102.6 points.

Speaking at the regular Government meeting in March 2025 and the Government's online conference with localities that recently took place, State Bank Governor Nguyen Thi Hong emphasized that exchange rate is an issue that all businesses are very concerned about after US President Donald Trump announced the tax decree.

The State Bank has been closely monitoring President Trump’s tax and has noticed a difference from previous times. Specifically, this time the tax is based on the trade surplus of 57 countries, without explicitly mentioning the currency issue.

Bank USD price exceeds 26,100 VND

Governor Nguyen Thi Hong assessed that the complicated and unpredictable exchange rate developments were evident after President Trump announced the tax, with the exchange rate increasing by 0.6% on the first day. Especially when trade partners retaliate, the financial and monetary markets will certainly be complicated every day and every hour.

"The State Bank will closely monitor market developments to operate tools and solutions at the right time and in the right amount, especially considering the trade-off between exchange rates and the goal of reducing interest rates," said the Governor of the State Bank.

Previously, some international financial institutions predicted that the USD price in Vietnam would reach 26,000 VND. UOB Vietnam Bank's updated forecast for the USD/VND exchange rate is 25,800 VND in the second quarter, 26,000 VND in the third quarter and around 25,800 in the fourth quarter of this year.

Another foreign bank, Standard Chartered, has also just adjusted its mid-year forecast for the USD/VND exchange rate to VND26,000 (from VND25,450 previously) and VND25,700 (from VND25,000) by the end of 2025. Standard Chartered said that VND has maintained the general trend with Asian emerging market currencies over the past three years, influenced by the strong USD environment.

Source: https://nld.com.vn/gia-usd-lan-dau-vuot-26100-dong-ngan-hang-nha-nuoc-noi-gi-196250408100909096.htm