Vietnam C.bank strengthens central exchange rate, black market dong weaker, Friday

On January 30, in Vietnam, the black market US dollar buy rate was VND 26,450, and the sell rate was VND 26,500, a change of 250 and 250, respectively, for a mid-market rate of VND 26,475 (up 0.95 percent), according to prices quoted by Ty Gia USD.

Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,074, while the Google Finance mid-market rate stood at VND 25,916.

Bar chart change in Vietnam dong, 30 January 2026

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 1,401 or 5.59 percent.

Vietnam exchange rates, 30 January 2026

30 Jan29 JanChange%
Black Market: Mid-market26,47526,2252500.95%
SBV: Central Exchange Rate25,07425,083-9-0.04%
Google Finance: Mid Market Rate25,91626,011-94-0.36%
Black Market: Buy26,45026,2002500.95%
Black Market: Sell26,50026,2502500.95%
Spread: SBV / Black Market MM1,4011,14225922.68%
Spread: SBV / Black Market MM5.59%4.55%

Open market operations

The State Bank of Vietnam conducted repo operations worth US$192.93 million for 7 days, US$0.00 million for 14 days, US$0.00 million for 28 days, US$424.45 million for 56 days, US$0.00 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 30 January 2026

30 Jan29 Jan
Repos – 7 Days US$$192,931,000$38,365,700
Repos – 14 Days US$$0$0
Repos – 28 Days US$$0$0
Repos – 56 Days US$$424,448,200$38,365,700
Repos – 91 Days US$$0$0
Total$617,379,200$76,731,400

Vietnam’s Black Market Dong Dilemma: Unpacked

Interbank interest rates

Vietnam’s interbank interest rates fell across most tenors.

The overnight rate increased to 6.06 percent (up 0.14 points).

The 1-week rate rose to 6.48 percent, and the 2-week rate rose to 6.55 percent.

The 1-month rate decreased to 7.34 percent, while the 3-month and 6-month rates fell to 7.41 and fell to 6.76 percent respectively.

The 9-month tenor was unchanged at 8.10 percent.

Vietnam interbank interest rates, 30 January 2026

30 Jan29 JanChange
Overnight6.065.920.14
1 Week6.486.270.21
2 Weeks6.556.440.11
1 Month7.347.39-0.05
3 Months7.417.49-0.08
6 Months6.767.85-1.09
9 Months8.108.100.00

See yesterday’s exchange rate activity→

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