The State Bank of Vietnam has made a significant move by adjusting the central exchange rate between the Vietnamese Dong and the US Dollar. Today’s rate (August 20th) witnessed an increase of 8 Dong compared to the previous session, peaking at 25,263 VND per USD – an all-time high for the central exchange rate.
With a permitted fluctuation margin of 5%, commercial banks are allowed to transact within a range of 24,000 to 26,526 VND per USD for the day.
The reference exchange rate for USD at the State Bank of Vietnam also experienced an upward adjustment, with the buying and selling rates climbing by 7 and 9 units, respectively, to reach 24,050-26,476 VND/USD.
Commercial banks have responded by adjusting their USD/VND rates accordingly, setting new records. The buying and selling prices for USD have witnessed increases, with the majority of banks adjusting their rates within a range of 20-30 VND per USD when compared to the previous session.
US dollar price surges to new heights. Photo: Nam Khánh |
Notably, the selling price of USD at several banks has surpassed the 26,500 VND per USD mark, an unprecedented level.
As of noon today, Vietcombank’s USD rates had climbed by 20 VND for both buying and selling, resulting in a cash buying rate of 26,110 VND per USD and a selling rate of 26,500 VND per USD.
VietinBank’s USD rates stood at 26,149-26,509 VND/USD (buy-sell), reflecting an increase of 22 VND on both sides.
This upward trend extends beyond state-owned banks, with private commercial banks also adjusting their USD rates to new highs.
Techcombank’s USD rates witnessed a substantial increase of 30 VND on the buying side and 28 VND on the selling side compared to the previous day, resulting in cash buying and selling rates of 26,133 and 26,526 VND per USD, respectively.
Sacombank followed suit, raising its USD rates to 26,150-26,510 VND/USD (buy-sell), an increase of 25 VND on both sides from the previous day.
Meanwhile, the black market for USD remained relatively stable, with buying and selling rates hovering around 26,510-26,580 VND per USD, unchanged from the previous session.
On the global stage, the US Dollar Index (DXY), which measures the strength of the greenback against a basket of major currencies, stood at 98.32 points at 12:52 pm on August 20th (Vietnam time), reflecting a 0.05% increase from the previous session.
Investors are eagerly awaiting the Fed’s Jackson Hole economic policy symposium later this week for insights into the future direction of US interest rates, which have a significant impact on global currency exchange rates.
Hanh Nguyen
– 13:24, August 20, 2025
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“Vietcombank and BIDV have both listed their USD exchange rates at 23,100 VND for buying and 23,460 VND for selling. Vietcombank has increased their rates by 10 VND, while BIDV has raised theirs by 20 VND for both buying and selling. This adjustment in rates showcases the dynamic nature of the foreign exchange market in Vietnam, where rates can fluctuate daily.”
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