Vietnam’s foreign exchange market reached US$3.4 billion in 2024 and is forecast to more than double to US$7.9 billion by 2033, with an expected compound annual growth rate (CAGR) of 9.61 percent during 2025–2033. The sector is expanding on the back of robust exports, foreign direct investment, and growing financial market sophistication, according to a report from IMARC Group.

Key points in the report include:

Market size: US$3.4 billion in 2024
Forecast: US$7.9 billion by 2033
Growth rate: 9.61% CAGR (2025–2033)
The market operates under a managed float regime directed by the State Bank of Vietnam (SBV)
US dollar remains dominant in currency trading, supported by rising FDI and trade volumes
Remittances and exports from manufacturing help boost foreign currency supply
The SBV intervenes regularly to stabilise the exchange rate and limit inflation
Strong digital infrastructure, regulatory clarity, and trade liberalisation underpin further growth

As Vietnam becomes more integrated into global trade and supply chains, demand for a stable and efficient foreign exchange market is rising. Increasing foreign capital flows, enhanced trading platforms, and the continued liberalisation of Vietnam’s financial system are expected to attract more global participation. With FDI rising and export sectors expanding, the foreign exchange market will play an increasingly strategic role in supporting macroeconomic stability and capital mobility.