Hanoi – The State Bank of Vietnam (SBV) on June 23 set the daily reference exchange rate at 25,028 VND per USD, a slight decrease of 3 VND compared to the last working day of the previous week. This small adjustment reflects minor fluctuations in the foreign exchange market as the new week begins.
Under the current trading band of ±5%, the ceiling rate applied by commercial banks during the day is 26,279 VND/USD, while the floor rate is 23,777 VND/USD. These limits help maintain market stability and manage currency volatility within a controlled range.
As of 8:25 a.m. on June 23, major commercial banks in Vietnam also adjusted their exchange rates slightly. Both Vietcombank and BIDV listed the buying rate at 25,919 VND/USD and the selling rate at 26,279 VND/USD. This marked a 3 VND decrease from the morning session on June 20.
The slight drop in the exchange rate is attributed to stable supply and demand for foreign currency in the domestic market. Economic observers suggest that the SBV’s steady adjustment of the reference rate helps balance inflation control with export competitiveness, especially in the context of global currency movements and ongoing economic recovery.
Experts also note that while global markets remain sensitive to economic data from the U.S. and China—two of Vietnam’s largest trading partners—Vietnam’s exchange rate policy has remained flexible and responsive. The SBV continues to monitor external developments closely to ensure macroeconomic stability and support economic growth.
