Vietnam C.bank weakens central exchange rate, black market dong weaker, March 04, 2026

On March 4, in Vietnam, the black market US dollar buy rate was VND 26,830, and the sell rate was VND 26,880, a change of 100 and 100, respectively, for a mid-market rate of VND 26,855 (up 0.37 percent), according to prices quoted by Ty Gia USD.

Bar chart change in Vietnam dong, 4 March 2026

Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,052, while the Google Finance mid-market rate stood at VND 26,222.

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 1,803 or 7.20 percent.

Vietnam exchange rates, 4 March 2026

4 Apr3 MarChange%
Black Market: Mid-market26,85526,7551000.37%
SBV: Central Exchange Rate25,05225,04660.02%
Google Finance: Mid Market Rate26,22226,206170.06%
Black Market: Buy26,83026,7301000.37%
Black Market: Sell26,88026,7801000.37%
Spread: SBV / Black Market MM1,8031,709945.50%
Spread: SBV / Black Market MM7.20%6.82%

Open market operations

The State Bank of Vietnam conducted repo operations worth US$304.91 million for 7 days, US$230.79 million for 14 days, US$282.13 million for 21 days, US$0.00 million for 28 days, US$156.04 million for 56 days, US$0.00 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 4 March 2026

4 Apr3 Mar
Repos – 7 Days US$$304,909,400$763,198,566
Repos – 14 Days US$$230,791,486$656,227,510
Repos – 21 Days US$$282,131,874$304,597,508
Repos – 28 Days US$$0$0
Repos – 56 Days US$$156,035,927$190,799,642
Repos – 91 Days US$$0$0
Total$817,832,760$1,914,823,226

Interbank interest rates

Vietnam’s interbank interest rates rose across most tenors.

The overnight rate increased to 11.21 percent (up 6.51 points).

The 1-week rate rose to 10.77 percent, and the 2-week rate rose to 9.03 percent.

The 1-month rate increased to 7.85 percent, while the 3-month and 6-month rates rose to 7.49 percent and fell to 7.80 percent, respectively.

The 9-month tenor was unchanged at 7.82 percent.

Vietnam interbank interest rates, 4 March 2026

4 Apr3 MarChange
Overnight11.214.706.51
1 Week10.776.564.21
2 Weeks9.036.362.67
1 Month7.857.190.66
3 Months7.497.290.20
6 Months7.807.800.00
9 Months7.827.820.00


See yesterday’s exchange rate activity→

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