Vietnam dong seen weakening 1.5% vs. US dollar in 2024: broker
Vietnam's local currency the dong is likely to devalue 1.5% against the U.S. dollar this year to VND24,600 as upward pressures persist, KB Securities Vietnam (KBSV) said in a report.
The significant interest rate gap between USD-denominated and VND-denominated loans and the upward trend of the U.S. Dollar Index (DXY) together with high geopolitical tensions pose the two largest risks to the USD/VND exchange rate in the time ahead, KBSV analysts said.

The USD continues to gain in value against the VND. Photo courtesy of Thanh Nien (Young People) newspaper.
On the external front, the cooling of U.S. inflation is slowing down, with the latest Consumer Price Index (CPI) and Producer Price Index (PPI) coming in higher than market expectations.
This data have prompted the DXY and 10-year bond yield to bounce back while just four interest rate cuts are expected this year, compared to the six initially forecast.
On the domestic front, the USD/VND rate will be supported by ample forex supplies such as foreign direct investment (FDI) and inbound remittances.
In addition, the State Bank of Vietnam is expected to keep an accommodative monetary policy and allow a moderate devaluation of the dong. It will likely intervene only when there are abnormal fluctuations as the local economy needs more monetary assistance to recover, according to KBSV analysts.
They noted that the USD/VND rate on the interbank market has remained high in the range of VND24,200-24,600 since January due to the strength of the greenback and a large gap between USD- and VND-denominated interest rates, prompting carry trade to increase.
Several securities companies in Vietnam have predicted the VND to weaken by 1-3% against the USD this year. VNDIRECT Securities expects the dong to devalue 1-2% while Vietcombank Securities anticipates a 3% depreciation.
In a January note, Shinhan Bank said the rate could reach a yearly average of VND24,050. The exchange rate may remain high in the first half of the year due to negative external conditions, and ease in the latter half as major central banks are likely to end their tightening policies.
On Monday morning, the State Bank of Vietnam raised the mid-point USD/VND rate by VND8 to VND24,004. Since the start of this year, the rate has increased VND44.
USD prices at commercial banks rose VND10-30, with Eximbank raising its quote by VND10-20 to VND24,440-24,830 for bids and asks and Vietcombank by VND30 to VND24,450-24,820.
The free-market price of the greenback is fixed at VND25,220-25,290, up VND70 from last weekend for both buying and selling.
- Read More
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7
Vietnam government bond issuance surges nearly 70% in June
The Hanoi Stock Exchange (HNX) held 16 government bond auctions in June, raising nearly VND30.5 trillion ($1.2 billion), up 68.8% from May.
Finance - Fri, July 11, 2025 | 9:30 am GMT+7
Xuan Truong Company asked to make feasibility study for airport proposal in northern Vietnam
The Ministry of Construction has asked Ninh Binh authorities to prepare a feasibility study on the potential development of an international airport in the province, the ministry said in a report submitted to the Government regarding a proposal from private construction company Xuan Truong.
Companies - Fri, July 11, 2025 | 9:18 am GMT+7
Vietnam-US tariff agreement: A strategic turning point toward deeper integration
The tariff agreement between Vietnam and the U.S. marks not only a trade or diplomatic breakthrough but also reflects a long-term strategic vision, bold foreign policy, and Vietnam’s commitment to deep global integration, writes Nguyen Tuan Viet, an export promotion expert and CEO of Vietgo.
Opinion - Fri, July 11, 2025 | 9:00 am GMT+7
Apple supplier Luxshare enjoys 0% corporate income tax in central Vietnam province
China’s Luxshare-ICT, a key supplier to Apple, reported that its subsidiaries in Vietnam’s central province of Nghe An enjoyed a 0% corporate income tax last year.
Companies - Fri, July 11, 2025 | 8:00 am GMT+7
Intel’s 20 years in Vietnam: $1.5 bln invested, 4 bln chips produced
U.S. chip maker Intel has invested over $1.5 billion in its nearly 20 years in Vietnam and exported more than 4 billion products, contributing over $100 billion to Vietnam’s export revenue.
Industries - Thu, July 10, 2025 | 10:05 pm GMT+7
HCMC’s new master plan should prioritize breakthrough growth in finance, high technology, logistics: expert
Ho Chi Minh City should promote university-oriented urban models and innovation ecosystems built on the “quadruple helix” framework - collaboration among the government, universities, businesses, and the community.
Economy - Thu, July 10, 2025 | 9:42 pm GMT+7
UAE tech firm G42, Vietnamese partners plan $2 bln hyperscale data center in southern Vietnam hub
The United Arab Emirates's (UAE) state-backed firm G42 plans to partner with Vietnamese companies to develop a $2 billion hyperscale data center in Vietnam's southern hub Ho Chi Minh City.
Industries - Thu, July 10, 2025 | 4:22 pm GMT+7
Petrovietnam rakes in $19.5 bln in H1 revenue
State-owned Petrovietnam reported total revenue of VND510 trillion ($19.5 billion) in the first half of this year, driven by strong production performance.
Companies - Thu, July 10, 2025 | 4:03 pm GMT+7
Sustained momentum seen across all Vietnam's real estate sectors: Knight Frank
Ho Chi Minh City and Hanoi saw solid office leasing and apartment market rebounds after the Lunar New Year holiday (Tet). Industrial land surged with record H1 supply and strong absorption, underscoring Vietnam's appeal, while eased visa policies and new direct international flights continue to support 5‑star hotels in both the cities, write Knight Frank analysts.
Real Estate - Thu, July 10, 2025 | 2:37 pm GMT+7
Vietnam's maritime heavyweight VIMC to expand container port services, bulk cargo transport
Vietnam Maritime Corporation (VIMC) will increase revenue and profit via expanding operations in areas such as container port services, bulk cargo transport, and shipping of agricultural products and steel, leveraging existing infrastructure and fleet advantages.
Companies - Thu, July 10, 2025 | 2:15 pm GMT+7
Vietnam infrastructure spending surges 40%
Vietnam’s infrastructure spending surged 40% year-on-year in the first half of the year, fuelled by fast-tracked approvals of projects amid provincial mergers; legal reforms granting provinces more decision-making authority over project approvals; and the streamlining of disbursement processes, write chief economist Michael Kokalari and senior analyst Thai Viet Trinh at VinaCapital.
Consulting - Thu, July 10, 2025 | 11:56 am GMT+7
Phu Quoc enters Travel + Leisure’s top luxury destinations
Phu Quoc’s presence in Travel + Leisure’s Asia-Pacific luxury travel rankings continues to affirm the island’s status as a world-class destination.
Companies - Thu, July 10, 2025 | 11:43 am GMT+7
July dividend wave hits Vietnamese market following AGM season
Ending the 2025 AGM season, a series of Vietnamese companies have announced dates for finalizing the list of shareholders eligible for dividends in July.
Finance - Thu, July 10, 2025 | 11:07 am GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?