Four State-owned commercial banks, known as the "big 4," adjusted their USD purchase prices on March 23.
Vietcombank listed the USD transfer purchase price at VND26,104 and the selling price at VND26,344, both increasing by VND5, compared to March 20.
The USD/VND exchange rate in the interbank market rose by approximately 0.13% from the previous weekend, equivalent to an increase of VND30–35, reaching VND26,340 per USD. This level is close to the regulatory ceiling and aligns with the selling prices at commercial banks. Internationally, the DXY index reached 99.67 points, up about 1.37% since the beginning of the year, indicating a strengthening trend of the USD globally.
Agribank experienced a similar trend, with both the purchase and sale prices of USD increasing by VND5, reaching VND26,104 and VND26,344, respectively. BIDV maintained its rates, with the purchase price at VND26,104 and the selling price at VND26,344, unchanged from March 20. Notably, VietinBank made the most significant adjustment in the market, raising the USD purchase price by VND42 per USD, from approximately VND26,095 to VND26,137 per USD, a rise eight times higher than the average increase. Meanwhile, the selling price only slightly increased by VND5, to VND26,344.
In the group of joint-stock commercial banks, the USD selling price on March 23 also centered around VND26,339 – 26,344 per USD, a slight increase of about VND5 compared to March 20, reflecting the general trend in the system. The USD purchase price at these joint-stock commercial banks remained high, commonly ranging from VND26,140 to 26,162, a slight increase of about VND5 from March 20, indicating continued competition in attracting foreign currency.
Regarding the purchase-sale price gap, March 23 saw a clear differentiation among banks. Banks with low spreads, such as Techcombank and ACB, fluctuated around VND180 – 185 per USD. The average group, including Vietcombank, BIDV, and Agribank, maintained a spread of about VND240 per USD. VietinBank reduced its spread to approximately VND207/USD, significantly lower than other banks in the same group. Conversely, some banks like LPBank had higher spreads, over VND250 per USD.
On March 23, the free market exchange rate surged by VND250 in both directions, with buying and selling transactions at VND27,950 – 28,000. Currently, the free market rate is VND1,650 higher than the commercial bank rate, equivalent to nearly 6%. Compared to the beginning of 2026, the free market rate has increased by approximately 4.5%.
On March 23, the State Bank of Vietnam listed the central USD/VND exchange rate at VND25,090, up VND5 from March 20. With a /-5% margin, the ceiling rate on March 23 was VND26,344 . On the same day, exchange rates at commercial banks mainly increased by VND5 compared to the March 20 session.
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