# With the US dollar weakening, why is the exchange rate in Vietnam still rising?

> 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.

- Date: 2025-05-10 · published 2025-05-10T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/24989-with-the-us-dollar-weakening-why-is-the-exchange-rate-in-vietnam-still-rising
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-29 | [Why is the exchange rate in Vietnam rising rapidly despite the depreciation of the US dollar internationally?](https://feedsoft.ai/events/23193-why-is-the-exchange-rate-in-vietnam-rising-rapidly-despite-the-depreciation-of.md) | -0.3% | +0.3% |
| DXY | 2017-03-16 | [Why Did The US Dollar Fall Despite FED Hike? \| Exchange Rates UK](https://feedsoft.ai/events/72192-why-did-the-us-dollar-fall-despite-fed-hike-exchange-rates-uk.md) | -1.3% | -1.2% |
| DXY | 2025-06-26 | [Is the era of a weak dollar coming... KRW-USD exchange rate falls to the 1,350 won range](https://feedsoft.ai/events/24449-is-the-era-of-a-weak-dollar-coming-krw-usd-exchange-rate-falls-to-the-1-350-won.md) | -0.9% | -0.6% |
| DXY | 2023-07-28 | [Why is the US dollar losing its shine?](https://feedsoft.ai/events/35220-why-is-the-us-dollar-losing-its-shine.md) | +1.3% | +2.0% |
| DXY | 2025-03-26 | [Why do we expect further weakening of the US dollar? - AP Institutional \| Invesco](https://feedsoft.ai/events/25776-why-do-we-expect-further-weakening-of-the-us-dollar-ap-institutional-invesco.md) | +0.3% | -2.9% |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/dong-usd-suy-yeu-vi-sao-ti-gia-tai-viet-nam-van-tang

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.