Vietnam C.bank weakens central exchange rate, black market dong stronger, Friday

On November 28, in Vietnam, the black market US dollar buy rate was VND 27,650 and the sell rate was VND 27,730, a change of 20 and 20, respectively, for a mid-market rate of VND 27,690 (down 0.07 percent), 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 26,363.

Bar chart change in Vietnam dong, 28 November 2025

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 2,535 or 10.08 percent.

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Vietnam exchange rates, 28 November 2025

28 Nov27 NovChange%
Black Market: Mid-market27,69027,710-20-0.07%
SBV: Central Exchange Rate25,15525,15230.01%
Google Finance: Mid Market Rate26,36326,376-13-0.05%
Black Market: Buy27,65027,670-20-0.07%
Black Market: Sell27,73027,750-20-0.07%
Spread: SBV / Black Market MM2,5352,558-23-0.90%
Spread: SBV / Black Market MM10.08%10.17%

Open market operations

The State Bank of Vietnam conducted repo operations worth US$9.30 million for 7 days, US$127.55 million for 14 days, US$0.00 million for 28 days, US$313.64 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 28 November 2025

28 Nov27 Nov
Repos – 7 Days US$$9,299,657$30,074,443
Repos – 14 Days US$$127,545,141$40,272,903
Repos – 28 Days US$$0$0
Repos – 91 Days US$$313,643,366$320,699,652
Total450,488,164391,046,998

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Interbank interest rates

Vietnam’s interbank interest rates fell across most tenors.

The overnight rate decreased to 5.74 percent (down 0.70 points).

The 1-week rate fell to 5.84 percent, and the 2-week rate fell to 6.19 percent.

The 1-month rate increased to 6.15 percent, while the 3-month and 6-month rates fell to 6.52 and fell to 5.30 percent respectively.

The 9-month tenor was unchanged at 6.52 percent.

Vietnam interbank interest rates, 28 November 2025

28 Nov27 NovChange
Overnight5.746.44-0.70
1 Week5.846.50-0.66
2 Weeks6.196.47-0.28
1 Month6.156.040.11
3 Months6.526.60-0.08
6 Months5.305.300.00
9 Months6.526.520.00

See yesterday’s exchange rate activity→

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