USD exchange rate today October 20, 2025: Domestic around 26,300 VND
The domestic USD exchange rate today, October 20, remained stable, while the world greenback decreased due to concerns about US-China trade and the risk of a weakening US economy.
On the morning of October 20, the State Bank of Vietnam (SBV) announced the central exchange rate between the Vietnamese Dong (VND) and the US dollar (USD) at 25,101 VND/USD, unchanged from the previous session.
With a trading margin of 5%, commercial banks are allowed to list buying and selling rates ranging from 23,846 - 26,356 VND/USD.
At the State Bank of Vietnam (SBV) Exchange, the reference exchange rate remained unchanged at 23,896 VND/USD (buy) and 26,306 VND/USD (sell). In the commercial banking market, the USD exchange rate this morning remained unchanged, almost unchanged compared to the end of last week.
Vietcombank listed buying and selling prices at 26,116 - 26,356 VND/USD, while VietinBank traded at 26,143 - 26,356 VND/USD, a slight increase of 6 VND in the buying direction.
BIDV listed 26,146 - 26,356 VND/USD, down 9 VND in buying price and unchanged in selling price.
In the free market, the USD also remained stable around 27,240 - 27,360 VND/USD.
In the world market, the DXY index - a measure of the strength of the USD compared to a basket of major currencies - is currently fluctuating around 98.5 points. Compared to the previous session, the euro increased slightly by 0.05% to 1.1661 USD/EUR, the British pound decreased by 0.01% to 1.3426 USD/GBP, while the Japanese yen lost 0.13%, trading at 150.84 USD/JPY.
Analysts say the dollar is under pressure due to concerns about US economic growth and trade tensions with China. In addition, the continued US government shutdown has delayed the release of many important economic reports, increasing uncertainty about the economic outlook.
President Donald Trump said the 100% tariffs on Chinese goods could be adjusted, but he still criticized Beijing for the deadlock in trade negotiations, especially in the field of rare earths. Mr. Trump confirmed that he will meet President Xi Jinping in the next two weeks in South Korea to find a solution to ease tensions.
However, observers say Trump’s comments have not been strong enough to reassure the market. According to Steve Englander, a foreign exchange expert at Standard Chartered, the negative news from China and concerns about the US banking system are causing the dollar to lose the most value in a month against the Swiss franc and Japanese yen.
The US government shutdown has delayed employment data and financial reports, reducing the basis for the US Federal Reserve to make monetary policy decisions, according to Amo Sahota, CEO of Klarity FX. Despite President Trump's efforts to calm the situation, investors still see trade tensions as part of Washington's negotiating tactics.
Meanwhile, Fed Governor Christopher Waller said he supports the possibility of another rate cut at the meeting later this month. Although the US economy continues to send mixed signals, easing policy could help support growth, but at the same time reduce the strength of the USD exchange rate in the short term.
Experts believe that the USD exchange rate in Vietnam is likely to remain stable in the short term thanks to the State Bank’s flexible management policy and strong foreign exchange reserves. However, international developments still pose great risks, especially if US-China tensions escalate or the Fed makes a surprise decision on interest rates.
In general, the domestic foreign exchange market is still considered stable, but the downward trend of the greenback globally may create slight adjustment pressure in the coming weeks, especially when US economic information continues to lack positivity.
