The State Bank continued to increase the central exchange rate for the third consecutive session, reaching a new record. The VND/USD exchange rate at commercial banks stagnated. The central exchange rate between the Vietnamese Dong and the USD continued to be adjusted upward, reaching a new peak.
Today (July 30), the State Bank announced the central exchange rate at 25,228 VND/USD, up 22 VND compared to yesterday. This is the highest level of the central exchange rate since this mechanism was applied in early 2016.
Since the beginning of the week, the central exchange rate has increased for the third consecutive session, with a fairly strong increase each session. The central exchange rate increased by 18 VND at the beginning of the week. Yesterday, the central exchange rate increased by 24 VND. Today, the central exchange rate increased by 22 VND.
Thus, since the beginning of the week, the State Bank has increased the central exchange rate by a total of 64 VND. Since the beginning of July, the central exchange rate has increased by 170 VND, an increase of 3.6%.
With a 5% margin compared to the central exchange rate, commercial banks are allowed to trade USD in the price range of 23,967 - 26,489 VND/USD (buy - sell).
The reference USD exchange rate was also increased by 21 VND for buying and 23 VND for selling by the State Bank of Vietnam, to 24,017-26,439 VND/USD (buying - selling). Meanwhile, the VND/USD exchange rate at commercial banks today slowed down after a sharp increase yesterday.
Banks simultaneously raised the USD buying price to over 26,000 VND/USD. On the selling side, USD prices at banks all exceeded 26,400 VND/USD.
The USD price at Vietcombank - the bank with the largest foreign currency trading volume in the system - today is listed at 26,010-26,400 VND/USD (buy - sell), unchanged from yesterday's closing price.
BIDV buys and sells USD at 26,045-26,405 VND/USD, up 5 VND compared to yesterday. This morning, VietinBank traded USD at 26,043-26,403 VND/USD (buy - sell), up 13 VND. In the private banking sector, Techcombank raised the USD price to 26,031-26,426 VND (buy - sell), up 15 VND.
Compared to the beginning of the year, each USD at the bank channel is about 860 VND higher, equivalent to an increase of 3.3%.
The USD price on the free market today was adjusted up 70 VND in the buying direction, to 26,440 VND/USD, while the selling price remained unchanged at 26,460 VND/USD.
In the world market, the USD price increased. The USD-Index (DXY), a measure of the greenback's strength against other major currencies, increased to 98.63 points.
The dollar hit a one-month high against the euro after a series of trade deals between the US and major partners were agreed and markets also awaited interest rate decisions from the Federal Reserve and the Bank of Japan.
With the DXY index up 2% from its low in late June, the USD/VND exchange rate is under upward pressure. Previously, the USD/VND exchange rate increased by 3% in the first half of 2025 despite the greenback falling 11% in the international market.
Many economic experts assess that the demand for foreign currency is increasing according to the import payment cycle, foreign debt repayment and periodic profit transfer activities of some economic sectors. Meanwhile, the supply of foreign currency tends to slow down in the short term, due to the impact of the export market and the increased psychology of holding foreign currency.
The State Bank's adjustment of the central exchange rate is a proactive, technical step that adapts to market realities, while contributing to stabilizing psychology and ensuring resources for exports in the context of increasingly fierce global competition.
Source: https://baolamdong.vn/ngan-hang-nha-nuoc-nang-ty-gia-trung-tam-384387.html
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