Vietnam’s central exchange rate slipped slightly to 25,179 dong per US dollar on 22 July, down 12 dong from the previous day, according to the State Bank of Vietnam.
The Google Finance mid-market rate remained largely stable at 26,145, while black market rates continued to show a premium, with the mid-rate rising to 26,410 — a 1.01 percent gap over the official rate.
Key details:
- SBV reference rate: Down 12 dong to 25,179
- Google Finance rate: Unchanged at 26,145
- Black market mid-rate: Up 10 dong to 26,410
- Premium over Google rate: Rose to 1.01 percent
- Repo injections: US$499.3 million (7-day), US$874.6 million (14-day)
- T-bills: No new 7-day issuance
- Interbank overnight rate: Fell to 4.93 percent
- Interbank 6-month rate: Down to 4.36 percent from 5.15
The State Bank of Vietnam injected over US$1.37 billion in repos on 22 July — up sharply from the previous day — indicating continued pressure on dong liquidity.
Interbank rates declined across all tenors, with the 6-month rate dropping 79 basis points, reflecting improved short-term liquidity.
See also: Right Now, a Weak Dong Could be Good for Vietnam. Here’s Why.