Vietcombank Raises Dollar Rate

Vietcombank has increased its dollar rate by 0.02%, setting it at VND25,479. This move reflects the ongoing fluctuations in the global currency market.

State Bank of Vietnam Adjusts Reference Rate

In tandem with Vietcombank's actions, the State Bank of Vietnam has also hiked its reference rate by 0.02% to VND24,266. These adjustments are part of the broader strategy to manage the impact of global economic changes on the local currency.

Black Market Dollar Rate Unchanged

Despite these official adjustments, the dollar remained stable at VND25,730 on the black market. This suggests that market forces are playing a significant role in determining the currency's value.

Year-to-Date Dollar Appreciation

Since the beginning of the year, the dollar has appreciated against the dong by 4.25%. This trend underscores the ongoing strength of the dollar in the international market.

Global Economic Impact

Globally, the euro has been subdued following the collapse of the French government, raising concerns about the economic stability of the region's second-largest economy. Meanwhile, bitcoin has surged past $100,000 for the first time, reflecting a growing interest in alternative assets.

Expert Analysis

According to Kyle Rodda, senior financial market analyst at Capital.Com, the continued appeal of non-fiat assets, reduced regulatory risks, and increased geopolitical risks could further support the upward trend in bitcoin prices.