Breaking: Vietnam Keeps Central Exchange Rate Steady as Market Eyes Rates
Table of Contents
- 1. Breaking: Vietnam Keeps Central Exchange Rate Steady as Market Eyes Rates
- 2. Key Figures at a Glance
- 3. Why These Figures Matter
- 4. Evergreen Insight
- 5. Reader Engagement
- 6. ND 25,135 per Dollar – Current Snapshot
- 7. Factors Behind the VND 25,135 Stabilization
- 8. How the Slight Rise in CNY Impacts Vietnam
- 9. Implications for Importers, Exporters & Investors
- 10. Practical Tips for travelers & Expats
- 11. Recent Past Comparison (VND/USD)
- 12. Benefits of a Stabilized Exchange Rate
- 13. Quick Reference Checklist
Vietnam’s central bank announced no change to the reference exchange rate today, confirming a central rate of 25,135 VND per U.S. dollar. The move preserves the rate set earlier and signals a cautious stance amid ongoing currency market monitoring. The monetary authorities also reaffirmed the daily band, allowing a margin of up to ±5 percent around the reference rate.
Under the policy framework, the ceiling for the USD/VND pair stands at 26,392 VND per USD, while the floor is 23,878 VND per USD. The reference band published by the State Bank of Vietnam’s Foreign exchange Management Department shows a buy-sell corridor of 23,929 to 26,341 VND per USD.
As of 8:25 a.m. local time, major commercial banks reported the U.S. dollar trading within a stable range. Vietcombank and BIDV quoted USD buying at 26,091 and selling at 26,391 VND per USD.
In the currency pair’s companion, the Chinese yuan, rates moved slightly higher this morning at two benchmark banks. Vietcombank lifted it’s CNY bid and ask to 3,710–3,829 VND per yuan (buy–sell). BIDV showed a similar uptick, posting 3,715–3,825 VND per yuan (buy–sell).
Source data indicate a broad, steady trend in the domestic foreign-exchange landscape, with official guidance and bank quotes converging around the same level.
Disclaimer: This article provides general information on currency rates. It is not financial advice.
Key Figures at a Glance
| Item | Value |
|---|---|
| Central exchange rate (VND/USD) | 25,135 (unchanged as Jan 14 morning) |
| Exchange-band ceiling (±5%) | 26,392 VND per USD |
| Exchange-band floor | 23,878 VND per USD |
| Reference rate (buy–sell) | 23,929 – 26,341 VND per USD |
| Bank USD quotes (as of 08:25) | 26,091 – 26,391 VND per USD |
| CNY rates (Vietcombank,buy–sell) | 3,710 – 3,829 VND per CNY |
| CNY rates (BIDV,buy–sell) | 3,715 – 3,825 VND per CNY |
Why These Figures Matter
The central rate acts as a reference point for day-to-day trading,guiding banks and exporters on predictable pricing. The ±5% band provides a cushion to absorb short-term shocks while allowing the currency market some flexibility.
Stable bank quotes for USD and gentle movement in CNY reflect a calm currency environment, wich can influence import costs, inflation expectations, and overall economic planning for businesses and households alike.
Evergreen Insight
How a central-rate system interacts with market liquidity shapes a country’s competitiveness. In Vietnam, the reference rate and band help balance the interests of exporters, importers, and foreign investors, while the daily bank quotes provide practical price points for merchants and travelers. monitoring the gap between the central rate and bank quotes can offer clues about near-term policy stance and market sentiment.
Reader Engagement
What impact do you think the current stability in USD/VND will have on local businesses in the next quarter?
Do you favor a wider or narrower band around the central rate? Why?
Share your thoughts in the comments and tell us how currency movements affect your plans for imports, travel, or savings.
ND 25,135 per Dollar – Current Snapshot
Vietnam Holds USD Exchange Rate at VND 25,135 per Dollar – Current Snapshot
- Official rate (as of 05:46 GMT, 15 Jan 2026): 1 USD = 25,135 VND
- state Bank of Vietnam (SBV) stance: Maintaining a “steady‑state” policy to cushion volatility while supporting export competitiveness.
- CNY movement: Chinese yuan (CNY) edged up ≈ 0.3 % against the U.S.dollar, trading around 7.13 CNY/USD.
Factors Behind the VND 25,135 Stabilization
| Driver | Description | SEO‑relevant terms |
|---|---|---|
| Monetary policy anchoring | SBV keeps the policy rate at 6.50 % adn intervenes selectively in the spot market to prevent sharp swings. | Vietnam monetary policy, SBV interest rate |
| Capital flow management | tightened foreign‑exchange (FX) controls limit speculative outflows, preserving reserves. | Vietnam FX controls, foreign exchange reserves |
| Trade balance cushioning | A modest trade surplus (≈ US$2.3 bn Q4 2025) provides a natural buffer for the dong. | vietnam trade surplus, export‑import balance |
| Domestic inflation pressure | inflation remains at 3.6 % YoY, well below the 5 % target, reducing the need for aggressive rate adjustments. | Vietnam inflation rate, consumer price index VND |
How the Slight Rise in CNY Impacts Vietnam
- Export pricing dynamics – Vietnamese exporters pricing in USD benefit from a stable dong, while those invoicing in CNY see marginal cost increases.
- Import cost for Chinese goods – A stronger yuan makes Chinese raw materials slightly cheaper for Vietnamese manufacturers, supporting margins in sectors like textiles and electronics.
- Tourism spillover – Chinese tourists enjoy a marginally stronger purchasing power in Vietnam, potentially boosting hospitality revenue by an estimated 0.4 % over Q1 2026.
Implications for Importers, Exporters & Investors
Importers
- budget forecasting: Use the fixed VND 25,135 rate for cash‑flow projections; hedge only minor CNY exposure.
- Cost‑saving tip: Lock in forward contracts for CNY‑priced inputs to lock the 0.3 % gain.
Exporters
- Pricing strategy: Maintain USD‑denominated contracts to lock in revenue; monitor CNY‑linked orders for incremental pricing adjustments.
- Competitive edge: Leverage the stable dong to offer consistent FOB/HKD prices to Asian buyers.
investors & Traders
- FX positioning: Consider a modest long position on VND against CNY, given the current divergence.
- Bond market outlook: Vietnam goverment bonds (10‑yr) remain attractive, yielding ~7.2 % with low FX risk.
Practical Tips for travelers & Expats
- Cash withdrawals: ATMs dispense VND at the official rate; avoid private currency exchangers that add a 2–3 % markup.
- Credit‑card usage: Most cards settle in USD; expect the SBV rate (25,135 VND/USD) plus a 1 % foreign‑transaction fee.
- Budget planning: A daily budget of 500,000 VND (~ US$20) covers meals, transport, and modest sightseeing in major cities.
Recent Past Comparison (VND/USD)
| Date | Rate (VND/USD) | % Change yoy |
|---|---|---|
| 15 Jan 2026 | 25,135 | +0.1 % |
| 15 Jan 2025 | 25,110 | +0.1 % |
| 15 Jan 2024 | 24,885 | +1.0 % |
| 15 Jan 2023 | 24,250 | +3.5 % |
The gradual recognition since 2023 reflects tighter monetary policy and improved trade fundamentals.
Benefits of a Stabilized Exchange Rate
- Predictable business surroundings: Reduces currency risk for SMEs and multinational corporations operating in Vietnam.
- Investor confidence: Stable FX rates attract foreign direct investment (FDI), especially in high‑tech manufacturing.
- Consumer price stability: Limits imported inflation, protecting household purchasing power.
Quick Reference Checklist
- Check daily VND/USD rate on the SBV website or reputable FX platforms.
- Assess CNY exposure if you import from China; hedge the 0.3 % rise with forward contracts.
- Review inflation reports (monthly CPI) to anticipate any policy shift.
- Monitor trade data (monthly export/import values) for early signals of FX pressure.
