The recent forecasts and updates suggest a nuanced outlook for the USD to VND exchange rate. As of late September 2025, the USD has experienced a slight decline following the release of inflation data showing stability at 2.9% year-on-year, which has influenced Federal Reserve interest rate expectations. Analysts observe that the market is particularly sensitive to developments surrounding U.S.-China trade tensions and upcoming Federal Reserve leadership changes, both of which could sway USD sentiment.
Meanwhile, the Vietnamese đồng (VND) is forecasted to depreciate about 3% against the U.S. dollar in 2025, primarily driven by a robust dollar and broader global economic trends. Economic developments in Vietnam, including new trade agreements aimed at mitigating the impact of U.S. tariffs and plans for an international financial center, could help stabilize the VND, though challenges remain.
The current USD to VND exchange rate is nearing 90-day highs at approximately 26,434, which is only 0.6% above its three-month average of 26,280. Market experts note that this rate has remained stable within a tight range, reflecting a lack of significant volatility recently.
Overall, both the U.S. and Vietnam are navigating intricate economic landscapes, with both domestic and international factors likely to influence the exchange rate in the coming months. For individuals and businesses involved in international transactions, closely monitoring these developments will be crucial for optimizing currency exchange decisions.