Vietnam's State Bank set USD/VND rate at 24,255 VND/USD, minor dips reported, experts predict stabilization soon.
On October 25, Vietnam's State Bank set the USD/VND exchange rate at 24,255 VND/USD, a slight decrease. Major Vietnamese banks reported minor dips in their rates, with selling rates around 25,467 VND/USD. Experts predict the dollar may strengthen to 25,400 VND/USD by month-end due to U.S. Federal Reserve interest rate cuts and increased demand for dollars. However, they expect stabilization of the VND against the USD soon.
October 25, 2024
3 Articles