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The US Dollar Index fell nearly 9% in the first four months of 2025, yet the USD/VND rate in Vietnam rose about 2.5% year to date. The State Bank of Vietnam's central rate was 24,951 on May 9, while commercial bank rates stayed near 26,000.
Analysts attribute the gap to a weak dong relative to regional currencies, import demand and foreign currency hoarding.
Persistent dong weakness raises the cost of dollar-priced feed imports for Vietnamese buyers even as the dollar falls globally. This divergence complicates import budgeting.
vietnam.vnNgười Lao ĐộngMay 10, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
