On the morning of 4/7, the State Bank of Vietnam announced the central exchange rate at 25,116 dong, an increase of 25 dong compared to yesterday. With a margin of 5% against the central exchange rate, commercial banks are allowed to buy and sell USD within the range of 23,860 - 26,371 dong.

Commercial banks this morning continued to raise the USD price to near the ceiling. The current USD price is 3.2% higher than at the beginning of the year and is the highest level ever. Specifically, the exchange rate at Vietcombank rose to 25,980 - 26,370 dong; BIDV to 26,010 - 26,370 dong. At Eximbank, the USD price rose to 25,990 - 26,371 dong.

In the free market, foreign exchange bureaus are trading USD around 26,370 - 26,470 dong.

The Vietnamese dong is among the weakest currencies in the region, even as other Asian currencies have generally recovered in the second quarter of this year.

Previously, UOB experts also forecast that the dong will fluctuate at a weak level until the end of the third quarter of this year, amid expectations of low economic growth.

From the fourth quarter onwards, UOB's analysis team assesses that the dong will begin to regain its recovery momentum, in line with the general improvement trend of Asian currencies as trade uncertainties gradually subside. This bank also forecasts that the exchange rate, from 26,100 dong in the last quarter of this year, will rise to 25,900 dong in the first quarter of next year and 25,700 dong in the second quarter of 2026.

In the metal market, the domestic gold bar price decreased by several hundred thousand dong per tael this morning to below 121 million dong. Saigon Jewelry Company (SJC) listed the price at 118.9 - 120.9 million dong per tael. Gold rings at SJC traded at 114.2 - 116.7 million dong. At Bao Tin Minh Chau, plain rings decreased slightly to 115.7 - 118.7 million this morning.

Quynh Trang