Market Highlight 11.05.2026

The USD/VND interbank exchange rate maintained a downward trajectory throughout last week, closing at 26,310, in line with the broader weakening trend of the U.S. dollar in global markets. On Sunday, U.S. President Donald Trump rejected Iran’s response to a proposed peace negotiation framework, dampening expectations for an early resolution to the 10-week conflict in the Middle East, which has disrupted maritime traffic through the Strait of Hormuz and driven global energy prices higher. Market participants will closely monitor the outcome of the upcoming high-level U.S.–China meeting in Beijing scheduled for May 14–15, as well as the U.S. April inflation data due later this week. The 

USD/VND interbank rate is expected to remain above 26,300 in today’s session.
In 2025, agriculture was one of the key bright spots supporting Vietnam’s macroeconomic growth, with the sector expanding by 3.78%. Total exports of agricultural, forestry, and fishery products reached a new record of over USD 70.9 billion. In the first four months of 2026, total export turnover rose to USD 23.44 billion, up 5.4% year-on-year, while imports reached USD 17.65 billion, up 12% year-on-year, maintaining a trade surplus. The sector targets total export turnover exceeding USD 74.2 billion for the full year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the first four months of 2026 showed continued recovery, estimated at approximately USD 3.7 billion, up nearly 15% year-on-year. The seafood industry aims for growth of 8–10%, with export turnover exceeding USD 12 billion in 2026.

In the first four months of this year, import growth outpaced exports, particularly driven by the surge in petroleum imports, leading Vietnam’s trade balance to shift into a deficit of over USD 7.6 billion after several months of surplus. Petroleum imports exceeded USD 4.3 billion, up approximately 56.4% year-on-year; coal imports reached nearly USD 2.8 billion, up 76.4%; crude oil imports were around USD 2.4 billion, surging 381%; and liquefied petroleum gas (LPG) imports totaled over USD 913 million.

Please contact the nearest Asia Commercial Joint Stock Bank's branch to receive information and consultancy if you are in need of making any foreign exchange and derivatives transactions.

Asia Commercial Joint Stock Bank assumes no responsibility or liability for any purpose of reference or using the information provided by this newsletter.

Directly contact us to receive market news and consultancy on foreign exchange products and derivatives:

- Financial Markets Division – Email: ktttc@acb.com.vn ; or

- Mr. Khanh Hoang (Financial Markets Senior Analyst) – Email: hoangnk@acb.com.vn