The exchange rate kept easing in early November. On 6 November 2026, the State Bank of Vietnam (SBV) set the central rate at VND25,615 per US dollar, down 8 dong from the previous session, according to VNA/VietnamPlus. With the ±5% band, commercial banks' ceiling rate is VND26,986/USD and the floor VND24,334/USD.

Bank dollar prices fall sharply

At 8:15 am on 6 November, Vietcombank quoted the dollar at VND25,430 (buying) and VND25,810 (selling), both down 80 dong from the morning of 5 November. BIDV quoted VND25,425–25,805/USD, down 85 dong. According to Index.vn, banks' USD selling prices are at their lowest in about a year and a half.

Internationally, the DXY dollar index slipped 0.05% to 101.52 points. Index.vn said investors were reassessing the US policy and economic outlook after the mid-term elections, while the 10-year US Treasury yield fell to 4.921%.

The dong ranks third among 10 Asian currencies

According to VnEconomy (3 November), among ten Asian currencies surveyed, the dong ranked third in performance against the US dollar, behind only the South Korean won and the Chinese yuan. The article said the dong held up despite dual pressures, thanks to the SBV's flexible management of interest rates and money-market liquidity. VnEconomy also reported that on 2 November the gap between free-market and commercial-bank USD selling prices narrowed from 220 dong (30 October) to 60 dong.

Year-end outlook: relatively stable

Techcombank's analysis team, cited by Index.vn, expects USD/VND to be relatively stable in late 2026. The dong could depreciate about 1% against end-2025, bringing the rate to around VND26,000/USD by year-end. A VND–USD interest-rate differential expected to stay above 3 percentage points, plus year-end remittance inflows, are seen as supporting factors.

A stable exchange rate helps import-dependent manufacturers contain costs and gives more room for monetary policy to support growth.

Key takeaways