Exchange rate increase remains under control

On April 15, the Vietnamese foreign exchange market recorded many notable developments when the exchange rates of the USD and many other strong currencies continued to increase compared to the Vietnamese Dong.

According to the announcement of the State Bank, the central exchange rate on April 15 was listed at 24,891 VND/USD, an increase of 5 VND compared to the previous session. Although the adjustment is not large, the steady increase of the central exchange rate in recent sessions shows that the upward trend of the USD has not shown any signs of slowing down.

More notably, the USD selling price at the Foreign Exchange Reserve Management Department (under the State Bank) has exceeded 26,080 VND/USD - the highest level since the beginning of 2025. In the commercial banking market, the USD price also exceeded 26,000 VND in the morning session. Specifically, Vietcombank and BIDV simultaneously listed the buying price at 25,650 VND/USD, selling at 26,010 VND/USD, an increase of about 10 VND compared to the end of yesterday and nearly 200 VND compared to the same period last week.

Not only USD, Euro and Japanese Yen have also increased in value recently. Currently, banks list the buying price of EUR at nearly 28,909 VND and the selling price at more than 30,189 VND/EUR - the highest level in many years. In just over 2 months, the common European currency has increased by nearly 11% compared to VND. Similarly, Japanese Yen has also recorded an increase of nearly 5.5% since the beginning of April, with the current selling price exceeding 185 VND/JPY.

The upward trend of the USD shows no signs of slowing down. Photo: Duy Minh

Exchange rate fluctuations are not just a matter of numbers, but are gradually having a clear impact on market behavior. On travel forums, many users expressed surprise at the increase in the cost of buying EUR, significantly increasing the spending on trips to Europe. At the same time, parents and students preparing to study abroad in this region are also having to adjust their budgets due to exchange rate fluctuations.

On the other hand, exporting enterprises are benefiting from increased foreign currency revenue when converted to VND. However, for enterprises importing raw materials from Europe or Japan, input costs are also rising rapidly, putting pressure on production costs.

According to economic experts, the current exchange rate movement is a reflection of a global chain of movements, not due to internal economic instability. However, it still requires flexible, cautious and responsive management from management agencies, along with careful preparation from businesses and investors.

Commenting on the exchange rate situation in the first quarter of 2025, economic expert, Dr. Can Van Luc - economic expert said: Interbank exchange rates increased by about 2.1%, mainly due to the State Bank proactively adjusting the foreign currency selling price, accepting a stronger fluctuation in exchange rates while still maintaining low interest rates to support economic growth.

“However, the exchange rate increase is still under control thanks to the stable foreign currency supply from FDI attraction, international tourism and trade surplus, and the USD in a downward trend,” Dr. Can Van Luc emphasized.

Thuy Linh

Source: https://congthuong.vn/ty-gia-tang-van-trong-tam-kiem-soat-383076.html