Vietnam’s central exchange rate edged down two dong to VND 25,119 on July 9, 2025, while the overnight interbank rate surged to 4.48 percent, Wednesday, according to the latest data from the State Bank of Vietnam.
Exchange rate movements
The SBV central exchange rate inched down by two dong to VND 25,119 on July 9.
Meanwhile, the unofficial (black market) mid-market rate stood at VND 26,450, maintaining a spread of 1.19 percent over the Google Finance mid-market rate of VND 26,139.
On the black market, buy rates softened slightly to VND 26,400 from VND 26,420 the previous day, while the sell rate remained steady at VND 26,500.
Expanded repo operations
On July 9, the SBV conducted seven-day repos totalling US$688.6 million, up from US$573.9 million the previous day.
Meanwhile, 91-day repo volumes fell slightly to US$35.7 trillion from US$57.8 million.
The volume of 7-day treasury bills remained steady at around US$191.3 million.
The increase in short-term repos indicates continued efforts to support market liquidity and stabilise short-term funding costs.
Rising interbank rates
Interbank interest rates were up across most tenors.
Overnight rates rose to 4.48 percent from 4.25 percent, while one-week and two-week rates climbed to 4.55 percent from 4.32 percent and 4.31 percent, respectively.
Longer tenors saw more modest changes, with the three-month rate easing slightly to 4.64 percent and the six-month rate steady at 4.75 percent.
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