USD exchange rate cools down significantly.

On the morning of May 26th, the State Bank of Vietnam announced the central exchange rate at 24,940 VND/USD, a decrease of 20 VND/USD compared to the end of last week. Correspondingly, the ceiling exchange rate decreased to 26,187 VND/USD.

Also at the beginning of the week, exchange rates at commercial banks simultaneously decreased. At Vietcombank , the listed USD exchange rate was 25,740 VND/USD (buying via transfer) and 26,100 VND/USD (selling), a decrease of 30 VND/USD. On the free market, the USD price also cooled down quickly. Surveys at several shops showed the selling price of USD around 26,340 VND.

The decline of the US dollar has significantly eased pressure on the exchange rate. Continuing its decline at the start of the week, the US Dollar Index (DXY) is trading at 98.8 points. Recently, members of the US House of Representatives passed a bill to cut taxes and increase military spending that could raise government debt by trillions of dollars, with a vote of 215 in favor and 214 against.

The “One Big, Beautiful Bill Act,” proposed by President Donald Trump, will move to the Senate and is expected to pass before June 6th. Under the bill, the Trump administration proposes extending the 10-year personal income tax and estate tax cuts passed during Trump's first term in 2017, while also fulfilling campaign promises made by Trump for the 2024 election. Currently, the US national debt stands at $36.2 trillion and is projected to reach 134% of Gross Domestic Product (GDP) by 2035.

The DXY index is approaching its lowest level in three years.

This bill is seen as part of President Trump's domestic policy efforts, combining proposals to cut taxes, increase public spending, tighten social security, increase defense spending, and control immigration, which are putting significant pressure on bonds and the USD. Meanwhile, the DXY index is nearing its lowest level in three years. The yield on 10-year US Treasury bonds briefly rose to 4.6% last week and is currently trading around 4.52%, while the yield on 30-year bonds is also exceeding 5%.

Recently, US President Donald Trump announced a postponement of the planned 50% tariff on goods from the European Union until July 9th. This is seen as a move to open up more time for negotiations following a positive phone call with European Commission President Ursula von der Leyen. Gold prices reversed course and fell after President Trump's decision to postpone the tariffs. At the opening of trading this week, world gold prices fell below $3,350 per ounce.

Following the trend in the global market, SJC gold bars also fell sharply at the beginning of the trading session. Saigon Jewelry Company (SJC) listed the price at 117 million VND/ounce (buying) and 120 million VND/ounce (selling), a decrease of 1 million VND per ounce in the selling price while the buying price decreased by as much as 2 million VND/ounce. The difference between the buying and selling price widened to 3 million VND per ounce.