Dollar falls against dong to lowest level since April 2025
Vietcombank’s dollar selling rate dropped to ₫25,930, while the US currency also weakened at unofficial exchange points.
The US dollar reached its weakest level against the Vietnamese dong in 1.5 years, with Vietcombank lowering its selling rate by 0.12 per cent to ₫25,930. The bank’s rate was the lowest since mid-April 2025.
The dollar has lost 1.7 per cent against the dong so far this year. Unofficial dealers quoted about ₫26,080, a decline of 0.27 per cent, while the State Bank of Vietnam cut its reference rate by 0.01 per cent to ₫25,627.
Internationally, Reuters reported that the dollar weakened as early US midterm election results showed strong Democratic gains in the contest for control of Congress against President Donald Trump’s Republicans. Investors sold stocks and dollars while moving into Treasuries.
The dollar index, which tracks six currencies, dropped 0.3 per cent to 101.4. The euro gained 0.5 per cent to US$1.1249, and the yen rose 0.7 per cent to 157.63 per US dollar.
Sterling advanced 0.4 per cent to US$1.3460. Against the Swiss franc, the dollar declined 0.9 per cent to 0.8133.
