Vietcombank Adjusts Dollar Rates

In a recent development, Vietcombank has adjusted its selling rate for the greenback, marking a 0.04% decrease to VND26,160. This adjustment reflects the ongoing fluctuations in the currency market.

State Bank of Vietnam Holds Steady

The State Bank of Vietnam has decided to maintain its reference rate at VND24,956, signaling a cautious approach amidst global economic uncertainties.

Unofficial Exchange Points See Slight Increase

Contrasting with official rates, unofficial exchange points have reported a 0.11% increase in the dollar's selling price, now at VND26,520.

Year-to-Dollar Performance

Since the beginning of the year, the dollar has appreciated by 2.38% against the dong, highlighting the dynamic nature of currency valuations.

Global Dollar Dynamics

Globally, the dollar has struggled to recover from its recent losses. Investors remain uncertain about the future of the Sino-U.S. trade war, with Treasury Secretary Scott Bessent emphasizing the need for China to initiate negotiations.

Bessent's comments add to the mixed signals surrounding trade talks between the two economic giants, leaving markets in a state of flux.

In currency markets, the U.S. dollar showed modest gains against the yen and the Swiss franc, yet these movements barely offset previous declines.