Vietnam’s central exchange rate was unchanged on September 25, 2025, even as interbank interest rates rose and repo injections surged.
Key details:
- SBV rate: The State Bank of Vietnam (SBV) kept the dong’s central rate flat at VND 25,186 per US$.
- Market rates: Google Finance mid-market slipped to VND 26,405, down 14 dong. The black market mid-rate stayed at VND 26,540, keeping the premium over SBV steady at 5.38 percent.
- Repos: SBV boosted short-term liquidity. 7-day repos rose to US$400.1 million and 14-day repos doubled to US$454.5 million. In contrast, 91-day repos fell sharply to just US$9.4 million.
- Interbank rates: Overnight rates climbed to 4.26 percent from 3.79. One-week rates jumped to 5.25 percent from 4.1. Longer tenors also rose, with the 1-month rate at 5.38 percent and the 3-month at 5.37 percent.
See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next