USD price in Vietnam drops sharply, gold price increases shockingly after US President's decision to postpone tax

At the end of April 10, the central exchange rate was listed by the State Bank at 24,964 VND/USD, up 28 VND/USD compared to the previous day. This marked the fourth consecutive day of price increase.

Meanwhile, USD prices at commercial banks fluctuated in the opposite direction. Vietcombank and BIDV sharply reduced USD trading prices, buying at 25,610 VND/USD and selling at 25,970 VND/USD.

Other banks such as Sacombank quoted the selling price of USD at 25,980 VND/USD; Eximbank at 25,990 VND/USD; OCB at only about 25,960 VND/USD.

Compared to yesterday's peak, the USD price has decreased by about 210 VND/USD, a very sharp decrease in one day of the exchange rate at commercial banks. Previously, the USD price at banks set a record peak of 26,182 VND/USD, up 2.4% compared to the beginning of the year.

In the international market, the USD price index (DXY) continued to decline when it was traded around 101.9 points, losing about 0.68% compared to the previous session. DXY cooled down after the US announced a 90-day delay in imposing reciprocal tariffs on many countries.

Bank USD price suddenly drops sharply

Meanwhile, the price of SJC gold bars was simultaneously pushed up to a new high by SJC and PNJ enterprises, VND100.6 million/tael for buying and VND103.6 million/tael for selling, an increase of VND200,000/tael compared to the morning. Compared to yesterday morning, each tael of gold increased by about VND2 million.

The price of 99.99 gold rings and jewelry gold of all kinds was traded around 99.8 million VND/tael for buying in the afternoon, 102.8 million VND/tael for selling, down about 200,000 VND/tael compared to the morning.

Domestic gold prices have an opposite trend between SJC gold bars and gold rings. While the price of SJC gold bars continues to increase, at one point reaching nearly 104 million VND/tael, the price of gold rings has turned around and fallen below the 103 million VND/tael mark.

Regarding exchange rates, speaking at the regular Government meeting in March 2025, State Bank Governor Nguyen Thi Hong emphasized that exchange rates are an issue of great concern to businesses after US President Donald Trump announced the tax decree. The complicated and unpredictable exchange rate movements were clearly evident after President Trump announced the tax decree.

The State Bank always closely monitors market developments to operate tools and solutions at the right time and in the right doses, especially considering the trade-off between exchange rates and the goal of reducing interest rates.

Source: https://nld.com.vn/gia-usd-tai-viet-nam-giam-manh-vang-tang-soc-sau-quyet-dinh-hoan-thue-cua-tong-thong-my-196250410163157893.htm