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Chinese Yuan and US Dollar notes. (Photo: AFP/ VNA)
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On August 13, 2025, the exchange rate of the Vietnamese Dong (VND) against the US Dollar and Chinese Yuan (CNY) at banks witnessed an upward trend.
Specifically, the State Bank of Vietnam set the daily reference exchange rate at 25,247 VND per USD on August 13, up four dong from the previous day.
With a ±5% fluctuation range, the ceiling and floor rates applicable to commercial banks during the day are 26,509 VND/USD and 23,985 VND/USD, respectively.
Meanwhile, Vietcombank listed the buying rate for USD at 26,090 VND/USD and the selling rate at 26,450 VND/USD, marking an increase of 40 dong in both rates compared to August 12.
Similarly, BIDV also adjusted its rates, with an increase of 30 dong, resulting in buying and selling rates of 26,080 VND/USD and 26,440 VND/USD, respectively.
Turning to the Chinese Yuan, exchange rates at banks on August 13 reversed the downward trend observed on August 12. At Vietcombank, the buying and selling rates were listed at 3,602 VND/CNY and 3,718 VND/CNY, respectively, reflecting increases of 10 and 11 dong compared to the previous day.
BIDV followed suit, with an increase of 9 dong in both rates, resulting in buying and selling rates of 3,609 VND/CNY and 3,707 VND/CNY, respectively.
– 09:44, August 13, 2025
The Art of Monetary Policy: Navigating Interest Rates and Exchange Rates with Agile Governance.
The government has requested that the State Bank of Vietnam proactively undertake research, evaluation, and forecasting within the scope of its functions, tasks, and authority. This includes developing monetary policy scenarios and orientations from now until the end of 2025 and for 2026. A report is to be submitted to the Government’s Standing Committee for consideration and feedback no later than August 20, 2025.
US Dollar Continues its Steady Climb at Commercial Banks: August 12th Exchange Rates
As of 9 a.m. on August 12th, Vietcombank and BIDV listed the exchange rate for USD at 26,050-26,410 VND/USD (buying-selling), an increase of 10 VND from the previous day’s rate of 11/8.
The Central Bank Pumps Over 11 Trillion VND into the Open Market
Between August 4 and August 11, the State Bank of Vietnam (SBV) continued its four-week streak of net injections into the open market, primarily through new issuances in the form of term deposit offerings.
The Only Private Bank Attracting More Deposits Than VietinBank and Vietcombank This Year
In Q2 of 2025, both Agribank and BIDV surpassed the remarkable milestone of 2 quadrillion Vietnamese dong in deposits for the first time in their history. This achievement is even more impressive when considering that two private banks also crossed the 600-trillion-dong mark during the same period.
A Strong Currency Doesn’t Mean a Weak Economy
“At first glance, the exchange rate of over 25,000 VND to 1 USD might lead some to conclude that the Vietnamese dong is significantly weaker than the US dollar. However, a single exchange rate at a frozen moment in time reveals nothing about the inherent strength or weakness of a currency.”
