Dollar quotes at several Vietnamese banks fell again on the morning of November 4, VnExpress reported. Vietcombank listed a buying price of VND25,520 and a selling price of VND25,930 per dollar, down VND30 from the previous day.
Reference rate and bank quotations
The State Bank of Vietnam set the central reference rate at VND25,267, a decline of VND3. The permitted 5% trading band gave commercial banks a floor of VND24,004 and a ceiling of VND26,530.
Techcombank quoted approximately VND25,539–25,934, while VIB listed VND25,570–25,950. VnExpress described the price range as comparable to late April of the previous year.
Across the preceding week, bank dollar prices had fallen almost VND100, roughly 0.35%. The decline from the start of the year approached VND450, or 1.7%. Some Ho Chi Minh City exchange outlets bought dollars around VND25,870 and sold around VND25,950. Internationally, the Dollar Index had dropped nearly 0.9% over the week to around 101.3.
Analysts outline year-end expectations
Techcombank analysts expected USD/VND to remain relatively stable near 26,000 toward year-end. Their forecast envisaged the dong depreciating by approximately 1% against the end of 2025.
Factors discussed included an expected interest-rate differential above three percentage points, potential international funding for infrastructure and foreign direct investment. Nine-month disbursed FDI reached $21.1 billion, up 12% year on year, according to the report. Seasonal remittances were another anticipated support. These expectations are separate from the quoted November 4 morning prices.