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Monday, May 26, 2025 10:28 pm ET1min read

Vietnam's dong currency rate has not been mentioned in the article. The article discusses various financial news, including the rise in Japan's rubber futures, China's industrial profit growth, and Toyota Tsusho's hydrogen supply infrastructure development. Other news includes Joyy Inc's Q1 2025 revenue, missile launches from Yemen, and companies' earnings calls.

Vietnam's dong currency rate has been a focal point in recent financial news, with significant fluctuations and strategic developments shaping the economic landscape. On May 26, the dong experienced notable changes in both official and unofficial markets, with the USD/VND mid-point rate set at 24,940 and interbank rates ranging from 25,890 to 25,930 [1]. The unofficial market, however, saw rates ranging from 26,240 to 26,340. This variation highlights the dong's sensitivity to market forces and regulatory measures.

The State Bank of Vietnam (SBV) plays a crucial role in managing the dong's exchange rate, setting a daily mid-point rate with a permissible band of +/- 5%. Despite these controls, the dong's exchange rate against other currencies is not restricted by a band, allowing it to fluctuate more freely. This dynamic was evident in the recent adjustment of rates by Vietcombank, which increased its dollar exchange rate by 0.04% to VND 26,150, while the SBV reduced its reference rate by 0.03% to VND 24,955 [2].

The dong's performance is not isolated from global currency trends. The U.S. dollar, for instance, faced headwinds due to fiscal uncertainties and a lackluster Treasury bond auction, causing it to hit a two-week low against the yen. However, the dollar has shown a 2.34% rise against the dong since the beginning of the year, reflecting a complex interplay of domestic and international factors [2].

Vietnam's currency dynamics are also influenced by its trade relations with the United States. Recent meetings between Vietnam's Minister of Industry and Trade, Nguyen Hong Dien, and U.S. Senators Ted Cruz and Steve Daines highlight the ongoing negotiations concerning tariffs. Minister Dien emphasized Vietnam's commitment to fostering harmonious economic cooperation and highlighted the country's potential as a priority trade partner [3].

In conclusion, Vietnam's dong currency rate is subject to a range of influences, from domestic regulatory measures to global currency trends and trade negotiations. Understanding these dynamics is crucial for investors and financial professionals seeking to navigate the complex landscape of the Vietnamese economy.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L2N3RY010:0-vietnam-dong-gold-rates-may-26/
[2] https://www.retailnews.asia/dollar-gains-ground-against-dong-in-latest-currency-exchange-update/
[3] https://news.tuoitre.vn/vietnam-minister-us-senators-meet-to-advance-trade-relations-amid-tariff-talks-103250524154904008.htm

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