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ToggleOn January 15, in Vietnam, the black market US dollar buy rate was VND 26,600 and the sell rate was VND 26,650, a change of 0 and 0, respectively, for a mid-market rate of VND 26,625, according to Ty Gia USD.
Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,135, while the Google Finance mid-market rate stood at VND 26,271.
The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 1,490 or 5.93 percent.
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Vietnam exchange rates, 15 January 2026
| 15 Jan | 14 Jan | Change | % | |
| Black Market: Mid-market | 26,625 | 26,625 | 0 | 0.00% |
| SBV: Central Exchange Rate | 25,135 | 25,135 | 0 | 0.00% |
| Google Finance: Mid Market Rate | 26,271 | 26,276 | -4 | -0.02% |
| Black Market: Buy | 26,600 | 26,600 | 0 | 0.00% |
| Black Market: Sell | 26,650 | 26,650 | 0 | 0.00% |
| Spread: SBV / Black Market MM | 1,490 | 1,490 | 0 | 0.00% |
| Spread: SBV / Black Market MM | 5.93% | 5.93% | – | – |
Open market operations
The State Bank of Vietnam conducted repo operations worth US$38.06 million for 7 days, US$38.06 million for 14 days, US$38.06 million for 28 days, US$38.06 million for 91 days, with no 7-day T-bills issued.
Vietnam open market operations, 15 January 2026
| 15 Jan | 14 Jan | |
| Repos – 7 Days US$ | $38,064,786 | $38,058,200 |
| Repos – 14 Days US$ | $38,064,786 | $38,058,200 |
| Repos – 28 Days US$ | $38,064,786 | $38,058,200 |
| Repos – 91 Days US$ | $38,064,786 | $38,058,200 |
| Total | $152,259,145 | $152,232,800 |
Vietnam’s Black Market Dong Dilemma: Unpacked
Interbank interest rates
Vietnam’s interbank interest rates rose across most tenors.
The overnight rate decreased to 3.97 percent (down 0.02 points).
The 1-week rate rose to 4.63 percent, and the 2-week rate rose to 5.09 percent.
The 1-month rate decreased to 5.97 percent, while the 3-month and 6-month rates rose to 7.27 and fell to 8.12 percent respectively.
The 9-month tenor was unchanged at 8.10 percent.
Vietnam interbank interest rates, 15 January 2026
| 15 Jan | 14 Jan | Change | |
| Overnight | 3.97 | 3.99 | -0.02 |
| 1 Week | 4.63 | 4.17 | 0.46 |
| 2 Weeks | 5.09 | 4.92 | 0.17 |
| 1 Month | 5.97 | 6.06 | -0.09 |
| 3 Months | 7.27 | 6.86 | 0.41 |
| 6 Months | 8.12 | 8.12 | 0.00 |
| 9 Months | 8.10 | 8.10 | 0.00 |