USD price in Vietnam drops sharply

On May 15, the central exchange rate was listed by the State Bank at 24,970 VND/USD, down 3 VND/USD compared to yesterday.

The USD price at commercial banks also decreased quite sharply. Vietcombank quoted the USD buying price at 25,740 VND/USD, selling price at 26,100 VND/USD, down 20 VND/USD compared to yesterday.

Eximbank adjusted the USD price down to 25,740 VND/USD for buying and 26,090 VND/USD for selling.

Compared to the peak of the exchange rate in the bank at 26,200 VND at the end of April, the USD price has decreased by about 0.38%.

The USD price in Vietnam suddenly cooled down in the context of the USD in the international market continuing to maintain a high level.

The US dollar index (DXY) is currently trading at 100.8 points, up about 2.6% from its low point in late April. At the same time, the DXY index has also maintained a high level in recent days.

Giá USD tại Việt Nam giảm mạnh- Ảnh 2. — USD price at banks cools down

Although the USD/VND exchange rate has cooled down, according to analysts, pressure on the exchange rate will still remain in the coming time. In particular, the pressure comes from factors such as in April 2025, the State Treasury continued to buy USD from commercial banks with a total value of 110 million USD, which partly tightened the foreign currency supply.

"In the context of the trade situation facing many uncertainties related to unpredictable tariff policies from the US, the demand for foreign currency of businesses often tends to increase.

The sharp drop in interbank interest rates to a 13-month low at the end of the month caused the VND-USD interest rate gap to reverse to its highest negative level since the beginning of the year. These factors have put significant pressure on the exchange rate," said Ms. Tran Khanh Hien, Director of Analysis, MBS Securities Company.

Previously, economic expert, Dr. Can Van Luc also said that although the USD/VND exchange rate has increased by more than 2% since the beginning of the year, lower than previous forecasts, VND is still depreciating compared to USD and other currencies in the region.

Because, VND is still a weak currency compared to the region. The demand for foreign currency supply for import-export activities in the first 4 months of this year fluctuated more strongly and the story related to hoarding foreign currency, gold... The exchange rate is forecast to increase by about 3-4% for the whole year.