# Vietnam dong exchange rate fluctuations

> Live situation record from CLSTR: https://clstr.news/situations/vietnam-dong-exchange-rate-fluctuations
> Updated: 2026-07-31T01:02:51.000Z. Sources: 2. Developments: 2.

In early July, the Vietnamese dong appreciated as the U.S. dollar weakened following a disappointing U.S. June jobs report. By the end of the month, the State Bank of Vietnam had set the official VND/USD rate at 25.320 dong per dollar, with commercial banks quoting a range roughly between 24.1 and 26.5 dong. The dollar’s decline, also reflected in a modest dip against the Japanese yen, was linked to weaker‑than‑expected U.S. consumer‑price‑index data and the Federal Reserve’s decision to hold interest rates steady, dampening expectations of further hikes. Speculation of Japanese government intervention to support the yen added to the dollar’s pressure. These factors together drove the dong to reach a historic high against the dollar over July 2026.

## Timeline

### 2026-07-31: Vietnam dong falls as US dollar weakens amid US data

Vietnam’s central bank set VND/USD at 25.320, with banks quoting near‑historic lows as the US dollar fell 2.6% versus the yen amid weak US data and possible Japanese intervention.

2 sources. https://clstr.news/cluster/vietnam-dong-falls-as-us-dollar-weakens-amid-us-data

### 2026-07-03: Vietnamese dong climbs as US dollar falls after weak US June jobs report

Vietnam's dong rose after the US dollar fell following a weak June jobs report, prompting rate cuts and higher bank buying prices, while euros, pounds and yen gained.

2 sources. https://clstr.news/cluster/vietnamese-dong-climbs-as-us-dollar-falls-after-weak-us-june-jobs-report

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Cite as: Vietnam dong exchange rate fluctuations. CLSTR, https://clstr.news/situations/vietnam-dong-exchange-rate-fluctuations