A bank employee counts U.S. dollar bills in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar rose against the Vietnamese dong on the black market Friday morning while starting the year mostly steady against major currencies.
The greenback gained 0.06% to around VND27,222 at unofficial exchange points. Vietcombank kept its exchange rate stable at VND26,377.
The State Bank of Vietnam’s reference rate was unchanged at VND25,121.
Globally, the U.S. dollar made a feeble start to 2026 on Friday after struggling against most currencies last year, while the yen steadied near 10-month lows as traders awaited economic data this month to gauge the path of interest rates, Reuters reported.
The dollar index, which measures the U.S. currency against six other units, was at 98.243 after registering a 9.4% decline in 2025, its biggest drop in eight years as interest rate cuts, erratic trade policies and worries about the Federal Reserve’s independence under the Trump administration weighed.
A dwindling interest rate difference between the U.S. and other economies has cast a shadow over the currency market, resulting in most currencies gaining sharply against the dollar in 2025, with the yen an exception.
The euro was steady at $1.1752 in early Asian hours after surging 13.5% last year, while sterling last bought $1.3474 following a 7.7% increase in 2025. Both currencies clocked their steepest annual rises since 2017.
The yen was last at 156.74 per U.S. dollar after rising less than 1% against the greenback in 2025 and hovering close to the 10-month low of 157.90 it touched in November that sparked worries of intervention from Tokyo.
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