On April 15, the State Bank of Vietnam (SBV) conducted two repo operations totalling over VND 7.9 trillion (US$305.5 million), offering liquidity at 4 percent interest as the dong weakened to VND 24,899 against the US dollar, according to data from the SBV.
Key data:
- The SBV offered 7-day repos worth VND 6,366.76 billion (US$246.34 million), maturing April 22
- A second 21-day repo of VND 1,529.4 billion (US$59.18 million) will mature May 6
- Interest rate for both repos remained at 4.00 percent
- The central exchange rate rose to VND 24,899, up 13 dong from the previous day
- Vietcombank’s listed rates stood at VND 25,650 (buy) and VND 26,010 (sell)
See also: Right Now, a Weak Dong Could be Good for Vietnam. Here’s Why.