At Vietcombank, the buying rate is listed at 172.63 VND/JPY and the selling rate is 183.60 VND/JPY. Vietinbank announced the buying rate at 175.85 VND/JPY and the selling rate at 185.55 VND/JPY. BIDV recorded the buying and selling rates at 175.43 VND/JPY and 183.58 VND/JPY, respectively. Agribank listed the buying rate at 175.01 VND/JPY and the selling rate at 182.85 VND/JPY.
Notably, Eximbank led the market with the highest buying rate at 176.53 VND/JPY and selling rate at 182.41 VND/JPY. Meanwhile, HSBC offered the lowest selling rate, with a buying rate of 174.57 VND/JPY and a selling rate of 182.27 VND/JPY.
In the free market, the Japanese Yen exchange rate also recorded a significant increase. Specifically, the buying rate reached 178.53 VND/JPY and the selling rate was 179.58 VND/JPY.
At 6:00 a.m. on April 10, 2025 , the summary table of Yen/VND exchange rates at some banks is as follows:
| *Note: Cash buying and selling rates | ||
| Bank | Buy | Sell |
| Vietcombank | 172.63 | 183.60 |
| VietinBank | 175.85 | 185.55 |
| BIDV | 175.43 | 183.58 |
| Agribank | 175.01 | 182.85 |
| Eximbank | 176.53 | 182.41 |
| Sacombank | 175.80 | 182.81 |
| Techcombank | 172 | 184.7 |
| NCB | 173.51 | 183.87 |
| HSBC | 174.57 | 182.27 |
| Black market rate (VND/JPY) | 178.53 | 179.58 |
In the international market, the Japanese Yen is becoming a safe haven for global capital flows amid financial market turmoil due to a series of new tariffs imposed by US President Donald Trump. Rising tensions between major economies have caused investors to turn to risk-off assets such as the JPY.
In addition to market sentiment, the yen is also supported by expectations that the Bank of Japan will raise interest rates in 2025. Inflationary pressures in Japan are rising, and BoJ officials have signaled their readiness to act if necessary.
In contrast, the US Federal Reserve is under pressure to ease monetary policy to deal with the impact of tariffs. According to the CME Group's FedWatch tool, the probability of the Fed cutting interest rates at its May meeting has exceeded 60%, and could even cut rates five times this year.
The yen could rise to 140 yen per dollar, or about 7% above current levels, according to Kamakshya Trivedi of Goldman Sachs. He said the currency is emerging as one of the top safe havens in the event of a U.S. recession, and could surpass Bloomberg’s forecast of 145 yen per dollar by year-end.
Source: https://baoquangnam.vn/ty-gia-yen-nhat-hom-nay-10-4-2025-tang-manh-giua-boi-canh-kinh-te-bat-on-3152417.html
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