Vietnamese dong forecast to depreciate by 3% against US dollar in 2025

Vietnamese dong forecast to depreciate by 3% against US dollar in 2025

A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.

Reference exchange rate down on Sept. 20

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,148 VND/USD on September 20, down 19 VND from the previous day.

Vietnamese businesses concerned about dollar appreciation

Many enterprises are concerned about adverse impacts of the sharp appreciation of the US dollar on their business and production if the greenback continues to see fluctuation in the future, especially at the middle and end of the year.

Reference exchange rate up 33 VND on August 17

The State Bank of Vietnam set the daily reference exchange rate at 23,951 VND/USD on August 17, up 33 VND from the previous day.

Reference exchange rate up 13 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,714 VND/USD on July 18, up 13 VND from the previous day.

Exchange rate forecast to remain stable in second half of 2023

The period of strong volatility of the US dollar has ended, and the USD/VND exchange rate in the last six months of 2023 will remain stable, experts have forecast.

Reference exchange rate down 17 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,700 VND/USD on June 12, down 17 VND from the last working day of previous week (June 9).

Reference exchange rate up 27 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,720 VND/USD on June 6, up 27 VND from the previous day.

Reference exchange rate up 1 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,712 VND/USD on May 29, up 1 VND from the last working day of previous week (May 26).

Reference exchange rate up 12 VND on May 25

The State Bank of Vietnam set the daily reference exchange rate at 23,696 VND/USD on May 25, up 12 VND from the previous day.
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