Vietnam’s dong remained under pressure on Friday, with the central bank setting the official reference rate at VND 25,185 per US$, up 9 dong from the day before.
The black market mid-rate held steady at VND 26,385, maintaining a 0.86 percent premium over Google Finance’s mid-market rate of VND 26,160.
Key exchange rate data:
- SBV central exchange rate: VND 25,185 (↑9 dong)
- Google Finance mid-rate: VND 26,160
- Black market buy/sell: VND 26,350 / 26,420
- Black market mid-rate: VND 26,385
- Black market premium: 0.86 percent over Google mid-rate
Repo activity (SBV liquidity injections):
- 7-day repos: US$303.53 million (down from US$943.36 million on July 17)
- 14-day repos: US$636.13 million (up sharply from zero the day prior)
- 91-day repos: US$66.29 million (up from US$3.72 million)
Total repos across all terms amounted to over US$1 billion on July 18.
The persistent gap between official and black market rates reflects ongoing currency stress. While SBV interventions and interbank stability aim to anchor expectations, the premium signals dollar hoarding and confidence risks.
See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next