Vietnam C.bank central exchange rate & black market dong flat, Wednesday

On December 10, in Vietnam, the black market US dollar buy rate was VND 27,100 and the sell rate was VND 27,150, for a mid-market rate of VND 27,125, according to Ty Gia USD.

Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,155, while the Google Finance mid-market rate stood at VND 26,357.

Bar chart change in Vietnam dong, 10 December 2025

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 1,970 or 7.83 percent.

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Vietnam exchange rates, 10 December 2025

10 Dec9 DecChange%
Black Market: Mid-market27,12527,12500.00%
SBV: Central Exchange Rate25,15525,15500.00%
Google Finance: Mid Market Rate26,35726,365-9-0.03%
Black Market: Buy27,10027,10000.00%
Black Market: Sell27,15027,15000.00%
Spread: SBV / Black Market MM1,9701,97000.00%
Spread: SBV / Black Market MM7.83%7.83%

Open market operations

The State Bank of Vietnam conducted repo operations worth US$0.00 million for 7 days, US$0.00 million for 14 days, US$113.82 million for 28 days, US$56.43 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 10 December 2025

10 Dec9 Dec
Repos – 7 Days US$$0$49,933,033
Repos – 14 Days US$$0$385,332,225
Repos – 28 Days US$$113,821,500$280,289,202
Repos – 91 Days US$$56,430,423$113,787,600
Total$170,251,923$829,342,060

Vietnam’s Black Market Dong Dilemma: Unpacked

Interbank interest rates

Vietnam’s interbank interest rates rose across most tenors.

The overnight rate increased to 7.49 percent (up 0.12 points).

The 1-week rate rose to 7.60 percent, and the 2-week rate rose to 7.49 percent.

The 1-month rate decreased to 6.05 percent, while the 3-month and 6-month rates rose to 7.30 and rose to 7.50 percent respectively.

The 9-month tenor was unchanged at 6.52 percent.

Vietnam interbank interest rates, 10 December 2025

10 Dec9 DecChange
Overnight7.497.370.12
1 Week7.607.090.51
2 Weeks7.497.350.14
1 Month6.056.98-0.93
3 Months7.307.210.09
6 Months7.506.481.02
9 Months6.526.520.00

See yesterday’s exchange rate activity→

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