Not only gold, the price of USD in banks and free markets also increased sharply.

On the morning of April 21, the State Bank announced the central exchange rate at 24,907 VND/USD, up 9 VND compared to the end of last week. This is the seventh consecutive increase, and marks the first time the central exchange rate has exceeded the threshold of 24,900 VND/USD.

USD prices at commercial banks also increased simultaneously from the beginning of the first trading session of the week.

Specifically, Vietcombank, Sacombank, ACB and Eximbank all listed the buying price at 25,770 VND/USD and the selling price at 26,120 VND/USD. Some banks even raised the selling price of USD to 26,130 VND/USD.

Since the beginning of April, each USD has increased by 310 VND, equivalent to an increase of 1.2%. Compared to the beginning of the year, the USD price at banks has increased by about 570 VND, equivalent to 2.2%.

In the free market, the USD price continued to reach a new peak when many foreign exchange transaction points in Ho Chi Minh City quoted the buying price at 26,255 VND and the selling price at 26,355 VND/USD - the highest level ever. Compared to the beginning of the year, the free USD price has increased by about 555 VND, equivalent to 2.1%.

Bank and free USD prices both maintain high levels

It is worth noting that the sharp increase in the USD/VND exchange rate is taking place in the context of the weakening of the USD in the international market. The DXY index – measuring the strength of the greenback against major currencies – is currently at 98.3 points, down 1.03% from the previous session. Compared to the peak of the year, the DXY has fallen more than 10% – the sharpest decline in recent years.

According to experts, DXY fell to a three-year low due to concerns about the US economic outlook, especially amid rising US-China trade tensions. The US dollar is weakening across the board, especially against the euro, Japanese yen and Swiss franc.

Despite the sharp decline in DXY, the USD/VND exchange rate remains high domestically. Speaking at the regular Government meeting in March 2025 and the online conference with localities, the Governor of the State Bank emphasized that the exchange rate is an issue of particular concern to businesses, especially after US President Donald Trump announced a new tax decree.

The State Bank said it will continue to closely monitor market developments to promptly manage exchange rate policy with appropriate tools and solutions, ensuring a balance between the goal of stabilizing exchange rates and supporting interest rate reduction.

Remittances – a bright spot supporting foreign currency supply

A positive factor contributing to reducing pressure on the exchange rate in the coming time is the flow of remittances. According to data from the State Bank of Vietnam, Region 2 Branch, in the first quarter of 2025, the amount of remittances transferred to Ho Chi Minh City reached 2.4 billion USD, an increase of 19.6% compared to the previous quarter - a significant increase, promising to support the stability of the foreign exchange market in the current context.

Source: https://nld.com.vn/khong-chi-vang-gia-usd-ngan-hang-va-tu-do-cung-tang-manh-196250421101643297.htm