Vietnam C.bank weakens central exchange rate, Friday

On 7 November 2025, the black market buy rate was VND 27,770 and the sell rate was VND 27,850, a change of 0 and 10 respectively, for a mid-market rate of VND 27,810 flat compared to yesterday.

The State Bank of Vietnam’s central exchange rate was set at VND 25,103, while the Google Finance mid-market rate stood at VND 26,313.

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 2,707 or 10.78 percent.

How Low Can the Vietnamese Dong Go? Why It’s Sliding & What Might Happen Next

Vietnam exchange rates, 7 November 2025

7 Nov6 NovChange%
Black Market: Mid-market27,81027,80550.02%
SBV: Central Exchange Rate25,10325,10030.01%
Google Finance: Mid Market Rate26,31326,31030.01%
Black Market: Buy27,77027,77000.00%
Black Market: Sell27,85027,840100.04%
Spread: SBV / Black Market MM2,7072,7052-%
Spread: SBV / Black Market MM10.78%10.78%

Open market operations

On 7 November 2025, the State Bank of Vietnam conducted repo operations worth US$185.27 million for 7 days, US$228.80 million for 14 days, US$185.51 million for 28 days, US$76.01 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 7 November 2025

7 Nov6 Nov
Repos – 7 Days US$$185,273,293$208,871,361
Repos – 14 Days US$$228,795,135$114,025,200
Repos – 28 Days US$$185,509,302$436,470,602
Repos – 91 Days US$$76,009,400$152,033,600
T-Bills – 7 Days US$00

Interbank interest rates

Vietnam’s interbank interest rates rose across most tenors.

The overnight rate increased to 5.92 percent (up 0.31 points).

The 1-week rate rose to 5.96 percent, and the 2-week rate rose to 5.89 percent.

The 1-month rate increased to 5.79 percent, while the 3-month and 6-month rates rose to 6.20 and 5.87 percent respectively.

The 9-month tenor fell slightly to 5.10 percent.

Vietnam interbank interest rates, 7 November 2025

7 Nov6 NovChange
Overnight5.925.610.31
1 Week5.965.850.11
2 Weeks5.895.590.30
1 Month5.795.170.62
3 Months6.206.010.19
6 Months5.875.350.52
9 Months5.105.100.00

Right Now, a Weak Dong Could be Good for Vietnam. Here’s Why.

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