The State Bank of Vietnam (SBV) injected VND 15.3 trillion (over US$562 million) into the banking system through three repo auctions on April 15, as the dong continued to weaken slightly against the US dollar, Tuesday.
Key points:
- SBV conducted three repos totalling VND 15.3 trillion (US$562 million):
- 7-day: VND 6.8 trillion (US$263 million), maturing April 22
- 14-day: VND 6.0 trillion (US$232 million), maturing April 29
- 35-day: VND 1.7 trillion (US$67 million), maturing May 20
- All repos were offered at 4.00% per annum
- Central exchange rate set at VND 24,891/US$, up 5 VND from the previous day
- Dong has depreciated 2.26% year-to-date
- Vietcombank rates: VND 25,650 (buy), VND 26,010 (sell) per US$