Vietnam C.bank weakens dong central exchange rate, Monday

On 10 November 2025, the black market buy rate was VND 27,700 and the sell rate was VND 27,750, a change of 70 and 100 respectively, for a mid-market rate of VND 27,725 (down 0.31 percent), according to Ty Gia USD.

Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,106, while the Google Finance mid-market rate stood at VND 26,301.

The spread between the SBV’s central exchange rate and black-market mid-market rates was VND 2,619 or 10.43 percent.

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

Vietnam exchange rates, 10 November 2025

10 Nov7 NovChange%
Black Market: Mid-market27,72527,810-85-0.31%
SBV: Central Exchange Rate25,10625,10330.01%
Google Finance: Mid Market Rate26,30126,313-12-0.05%
Black Market: Buy27,70027,770-70-0.25%
Black Market: Sell27,75027,850-100-0.36%
Spread: SBV / Black Market MM2,6192,707-88-3.25%
Spread: SBV / Black Market MM10.43%10.78%

Open market operations

On 10 November 2025, the State Bank of Vietnam conducted repo operations worth US$190.11 million for 7 days, US$228.13 million for 14 days, US$45.08 million for 28 days, US$28.48 million for 91 days, with no 7-day T-bills issued.

Vietnam open market operations, 10 November 2025

10 Nov7 Nov
Repos – 7 Days US$$190,110,500$185,273,293
Repos – 14 Days US$$228,132,600$228,795,135
Repos – 28 Days US$$45,083,564$185,509,302
Repos – 91 Days US$$28,481,595$76,009,400
T-Bills – 7 Days US$00

Interbank interest rates

Vietnam’s interbank interest rates rose across most tenors, compared to November 7.

The overnight rate increased to 5.97 percent (up 0.05 points).

The 1-week rate rose to 6.06 percent, and the 2-week rate rose to 5.99 percent.

The 1-month rate increased to 6.05 percent, while the 3-month and 6-month rates rose to 6.42 and 5.87 percent respectively.

The 9-month tenor fell slightly to 5.10 percent.

Vietnam interbank interest rates, 10 November 2025

10 Nov7 Nov
Overnight5.975.92
1 Week6.065.96
2 Weeks5.995.89
1 Month6.055.79
3 Months6.426.20
6 Months5.875.87
9 Months5.105.10

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

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