Dollar gains against dong on black market

By Dat Nguyen July 5, 2025 | 03:11 am PT

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters

The U.S. dollar edged up against the Vietnamese dong on the black market Saturday but remained steady at banks after repeatedly reaching new peaks this week.

Unofficial exchange points sold the greenback 0.19% higher at VND26,520.

Vietcombank kept its rate unchanged at VND26,350.

The State Bank of Vietnam’s reference rate was steady at VND25,116.

Globally sterling was poised for a weekly loss on Friday, marking a lackluster end to a week that saw fiscal and political uncertainties rattle investor appetite for UK assets, Reuters reported.

The pound was flat and last fetched $1.36, while against the euro it inched 0.1% lower and was last at 86.26 pence. Gilt yields were broadly steady in late morning trading.

However, on a weekly basis, cable was down 0.4% against the greenback, while it had fallen about 1% against the euro, marking its biggest one-week drop against the currency since U.S. tariffs on world economies took effect in early April.