Vietcombank Adjusts Greenback Selling Rate

Vietcombank has adjusted its selling rate for the US dollar to VND25,250, marking a decrease of 0.28% from the previous day. This adjustment reflects the ongoing volatility in the currency market.

State Bank of Vietnam Lowers Reference Rate

The State Bank of Vietnam has also made a slight adjustment to its reference rate, lowering it by 0.02% to VND24,328. This move is part of the bank's efforts to stabilize the currency market amidst global uncertainties.

Black Market Dollar Rate Drops

On the black market, the dollar experienced a slight drop, decreasing by 0.12% to VND25,600. Despite this drop, the dollar has seen an overall increase of 1.18% against the dong since the start of the year.

Global Dollar Steadies Amid Tariff Announcement Anticipation

Globally, the dollar has steadied against major currencies as markets await more concrete announcements on tariffs from US President Donald Trump. The dollar index, which measures the currency against six top rivals, remained flat at 108.25, following two days of minimal gains.

This steadiness comes after a significant 1.2% tumble on Monday, marking the steepest one-day slide since November 2023. This volatility highlights the impact of political decisions on global currency markets.