On the morning of June 16th, the State Bank of Vietnam announced the central exchange rate for the day at 24,993 VND/USD, a rebound of 18 VND/USD compared to the end of last week. With a +/-5% margin as regulated, the ceiling exchange rate is 26,242 VND/USD while the floor exchange rate is 23,743 VND/USD. The reference exchange rate at the State Bank of Vietnam's exchange trading floor is 23,777-26,173 VND/USD (buy-sell).
Last weekend, when the central exchange rate fell sharply, the selling rates at banks all simultaneously increased to the maximum allowed limit. Commercial banks continued to raise their exchange rates in line with the upward adjustment by the State Bank of Vietnam (SBV) to the central exchange rate, thereby anchoring the selling rate at the maximum allowed limit.
At Vietcombank , the USD/VND exchange rate is currently trading at 25,882 VND/USD (buying rate for transfers) and 26,242 VND/USD (selling rate), an increase of 19 VND/USD compared to yesterday. Since the beginning of the year, the exchange rate at Vietcombank has increased by 2.7%. Specifically, since the beginning of the second quarter of 2025, the exchange rate has increased by more than 1.95%.
According to analysts from FiinRatings, the USD/VND exchange rate has remained high due to strong domestic demand for USD from businesses and the State Treasury, further restricting supply. The State Bank of Vietnam's flexible adjustments to the central exchange rate, setting new record highs, have allowed the market more room to self-regulate.
Meanwhile, the US dollar weakened against several major currencies, keeping the US Dollar Index (DXY) near a three-year low. Despite a slight increase from the end of the week, the DXY traded around 98.3 points. Meanwhile, gold prices rose to approximately $3,440 per ounce, moving closer to the record price set in April 2025. Rising tensions in the Middle East prompted investors to seek safe-haven assets. Israel and Iran launched attacks over the weekend, increasing concerns that escalating hostilities could trigger a wider regional conflict.
Meanwhile, this week, investors are awaiting the Federal Reserve's policy meeting, with forecasts leaning towards keeping interest rates unchanged. However, investor attention will be primarily focused on signals regarding the timing and extent of future interest rate cuts. Recent economic data – particularly last week's weaker-than-expected inflation report – has reinforced expectations that the Fed could begin easing policy as early as September 2025. Investors are also awaiting clearer new steps regarding US tariff policy. Earlier, President Donald Trump indicated he would send letters to trading partners within the next week or two to establish unilateral tariffs on a range of countries. Meanwhile, U.S. Treasury Secretary Scott Bessent signaled the possibility of extending the 90-day moratorium on reciprocal tariffs for countries that demonstrate "goodwill" in ongoing trade negotiations. The 90-day moratorium on reciprocal tariffs is set to expire on July 9th.
Currently, the spot gold price is trading at $3,430 per ounce. Gold futures for August 2024 delivery on the Comex New York exchange also edged up slightly to $3,450 per ounce.
At Saigon Jewelry Company (SJC), the price of gold bars is listed at 118.2 million VND/ounce for buying and 120.2 million VND/ounce for selling. The difference between the buying and selling price is 2 million VND per ounce. The selling price of gold bars at all dealers has returned to the 120 million VND/ounce mark since last Friday.
Source: https://baodautu.vn/ty-gia-cham-tran-vot-len-26242-vndusd-d305281.html
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