Last week, the US made a new move to resume trade negotiations with China. China then sent a positive signal, calling on the US to lift unilateral tariffs and show goodwill to cooperate. This development contributed to easing trade tensions between the world's two largest economies .
In addition, the US April employment report showed positive results, helping the USD reduce selling pressure. According to a market trend analysis tool, the greenback has escaped the strong selling zone and returned to a neutral state.
Experts say the US may be forced to enter negotiations soon, as the negative impact of tariffs is spreading. The number of cargo ships arriving at US ports has decreased, especially retailers and importers have temporarily stopped placing orders from China. If this situation continues, the US may face the risk of high inflation due to shortages of consumer goods and production equipment.
A thaw in trade tensions, if sustained and translated into substantive negotiations, would not only improve bilateral relations but could also support a rebound in the US dollar.
On the morning of May 5, the USD exchange rate on the free market continued to increase compared to the previous session. Meanwhile, the central exchange rate announced by the State Bank was 24,956 VND, down 4 VND compared to the most recent announcement.
At the State Bank of Vietnam, the USD reference exchange rate was listed at VND23,795 for buying and VND26,153 for selling, down slightly in both directions compared to the previous session. On the free market in Hanoi , at 5:50 a.m., the USD was traded around VND26,430 - 26,530, up slightly compared to the previous session.
At commercial banks, exchange rates were adjusted in opposite directions. Vietcombank listed USD at 25,790 - 26,180 VND, up 10 VND in both directions. BIDV decreased slightly, trading at 25,800 - 26,100 VND. Vietinbank increased 10 VND in each direction, while Eximbank decreased sharply by 40 VND in the buying direction and increased 10 VND in the selling direction.
In addition to the USD, some other strong currencies also increased in price at Vietcombank in the session on April 29. The euro was traded around 28,797 - 30,445 VND. The British pound increased to 33,891 - 35,412 VND. The Swiss franc reached around 30,657 - 32,033 VND. The Canadian dollar fluctuated from 18,280 to 19,100 VND. The Australian dollar was traded in the range of 16,220 - 16,948 VND, and the Japanese yen was at 175 - 187 VND per JPY.
Source: https://baonghean.vn/ty-gia-usd-hom-nay-5-5-2025-dong-usd-giam-0-11-10296549.html
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