The State Bank of Vietnam set its central exchange rate at VND 25,051 per US dollar, while Google Finance showed a mid-market rate of VND 25,975 on Monday.
On the informal market, the US dollar traded at a mid-market level of VND 26,825, with buy rates at VND 26,800 and sell rates at VND 26,850.
The spread between the State Bank of Vietnam rate and the black market mid rate stood at VND1,774 (US$0.07), equivalent to 7.08 percent.
Vietnam exchange rates
| 23 Feb | |
| Black Market: Mid-market | 26,825 |
| SBV: Central Exchange Rate | 25,051 |
| Google Finance: Mid Market Rate | 25,975 |
| Black Market: Buy | 26,800 |
| Black Market: Sell | 26,850 |
| Spread: SBV / Black Market MM | 1,774 |
| Spread: SBV / Black Market MM | 7.08% |
Open market operations
The State Bank of Vietnam conducted repo operations worth US$0.00 million for 7 days, US$42.50 million for 14 days, US$102.79 million for 28 days, US$0.00 million for 56 days, US$0.00 million for 91 days, with no 7-day T-bills issued.
Vietnam open market operations, 23 February 2026
| 23 Feb | |
| Repos – 7 Days US$ | $0 |
| Repos – 14 Days US$ | $42,498,556 |
| Repos – 28 Days US$ | $102,794,610 |
| Repos – 56 Days US$ | $0 |
| Repos – 91 Days US$ | $0 |
| Total | $145,293,166 |
Interbank interest rates
Vietnam interbank lending rates showed volatility across short-term tenors on February 23, with overnight rates at 3.76 percent.
The one-week rate rose to 9.10 percent, while the two-week rate stood at 5.77 percent.
One-month and three-month rates were recorded at 6.88 percent and 7.38 percent respectively.
Longer tenors were at 8.00 percent for six months and 7.82 percent for nine months.
Vietnam interbank interest rates, 23 February 2026
| 23 Feb | |
| Overnight | 3.76 |
| 1 Week | 9.10 |
| 2 Weeks | 5.77 |
| 1 Month | 6.88 |
| 3 Months | 7.38 |
| 6 Months | 8.00 |
| 9 Months | 7.82 |
See Thursday, February 12 exchange rate activity→