Vietnam C.bank central exchange & black market dong rates weaken, Monday

On November 24, in Vietnam, the black market US dollar buy rate was VND 27,750 and the sell rate was VND 27,870, a change of 50 and 70, respectively, for a mid-market rate of VND 27,810 (up 0.22 percent), according to Ty Gia USD.

Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,144, while the Google Finance mid-market rate stood at VND 26,379.

Bar chart change in Vietnam dong, 24 November 2025

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 2,666 or 10.60 percent.

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Vietnam exchange rates, 24 November 2025

22 Nov21 NovChange%
Black Market: Mid-market27,81027,750600.22%
SBV: Central Exchange Rate25,14425,13680.03%
Google Finance: Mid Market Rate26,37926,357220.08%
Black Market: Buy27,75027,700500.18%
Black Market: Sell27,87027,800700.25%
Spread: SBV / Black Market MM2,6662,614521.99%
Spread: SBV / Black Market MM10.60%10.40%

Open market operations

The State Bank of Vietnam conducted repo operations worth US$405.80 million for 7 days, US$466.46 million for 14 days, US$530.73 million for 28 days, US$506.07 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 24 November 2025

22 Nov21 Nov
Repos – 7 Days US$$405,795,352$379,413,000
Repos – 14 Days US$$466,462,464$189,706,500
Repos – 28 Days US$$530,734,400$341,471,700
Repos – 91 Days US$$506,072,689$341,471,700
Total1,909,064,9051,252,062,900

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Interbank interest rates

Vietnam’s interbank interest rates rose across most tenors.

The overnight rate increased to 4.18 percent (up 0.10 points).

The 1-week rate rose to 4.43 percent, and the 2-week rate fell to 4.74 percent.

The 1-month rate decreased to 5.17 percent, while the 3-month and 6-month rates rose to 6.20 and rose to 7.30 percent respectively.

The 9-month tenor was unchanged at 6.26 percent.”

Vietnam interbank interest rates, 24 November 2025

22 Nov21 NovChange
Overnight4.184.080.10
1 Week4.434.400.03
2 Weeks4.744.82-0.08
1 Month5.175.39-0.22
3 Months6.206.120.08
6 Months7.305.351.95
9 Months6.266.260.00

See Friday’s exchange rate activity→

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