USD Exchange Rate Today July 20, 2025: Latest Dollar Pricing at Vietnamese Banks and Buy-Sell Spreads

Do you know how much you're gaining or losing every time you exchange USD? This isn't just anyone's story—from Minh, a freelancer earning $500 monthly from US clients, to Ms. Lan preparing $2,000 for her Singapore trip next week.

Today, Vietnam Money Talks breaks down the USD exchange rate numbers everyone hears about but not everyone knows how to leverage.

Official Exchange Rate: The Government's "Anchor" Figure

Central exchange rate: 25,185 VND/USD (announced by the State Bank of Vietnam)

This serves as the "anchor" for Vietnam's entire foreign exchange market. Think of it as the listed price—while actual market rates vary slightly from this benchmark.

Real-World Buy-Sell Rate Comparison

What This Means for Your Wallet

Real-world case study:

• Freelancer Minh receiving $500 salary → choosing BIDV yields: 500 × 25,980 = 12,990,000 VND
• If exchanged on the free market: 500 × 26,380 = 13,190,000 VND
• Difference: only 200,000 VND

Important note: The gap between banks and free market rates isn't as large as many people think!

But hold on! The free market carries legal risks and counterfeit currency concerns.

Why These Exchange Rates Matter So Much