Vietcombank Adjusts Exchange Rate

In a recent move, Vietcombank has decreased its rate by 0.12% to VND25,470, signaling a shift in the currency market dynamics.

State Bank of Vietnam's Rate Adjustment

Following suit, the State Bank of Vietnam has also adjusted its reference rate, lowering it by 0.02% to VND24,336, reflecting the ongoing changes in the financial landscape.

Black Market Dollar Decline

On the black market, the US dollar experienced a slight decline, falling 0.08% to VND25,630, amidst fluctuating market conditions.

Global Dollar Rebound

Globally, the dollar saw a rebound in volatile Asian trade after US President Donald Trump hinted at potential tariffs on Canada and Mexico, adding to the uncertainty in international trade relations.

This development led to the dollar index bouncing 0.6% to 108.65, after a significant 1.2% drop overnight, marking the sharpest daily loss since late 2023.

The euro also felt the impact, retreating to $1.0364 from an earlier high of $1.0434, as the EU's substantial trade surplus with the US makes it a potential target for Trump's tariffs.