Market

Dollar Surges Against Dong in Black Market Amid Global Trade Optimism

Dollar Gains on Black Market

The dollar experienced a 0.09% increase, reaching VND26,500 at unofficial exchange points, while Vietcombank maintained its rate at VND26,140.

State Bank of Vietnam Adjusts Rates

The State Bank of Vietnam raised its rate by 0.11% to VND24,973, signaling adjustments in response to global financial dynamics.

Global Trade Deal Boosts Dollar

Investors welcomed a tariff agreement between the U.S. and China, which eased fears of a global recession and strengthened the dollar against major currencies, including the yen and Swiss franc.

Expert Insight: "The U.S. administration's sensitivity to tariff impacts marks a significant shift in trade policy," noted Rodrigo Catril, senior FX strategist at National Australia Bank.