State Bank intervenes, exchange rate reacts immediately

From August 25, the State Bank of Vietnam has implemented the sale of foreign currency with a term of 180 days, with a selling price of VND 26,550/USD for credit institutions with negative foreign currency status. This move has helped the VND/USD exchange rate cool down quickly.

This move by the State Bank of Vietnam (SBV) aims to bring the bank's foreign currency status back to balance.

For forward transactions of USD 100 million or more, credit institutions are allowed to cancel up to three times. For forward transactions of less than USD 100 million, banks are allowed to cancel up to two times.

The time to apply the two-day foreign currency forward sale method is August 25 and 26.

Immediately after the State Bank of Vietnam launched the foreign currency forward sale to banks, the VND/USD exchange rate immediately cooled down. The USD price of commercial banks is currently 70 VND/USD lower than the selling price of the operator.

The VND/USD exchange rate at commercial banks decreased by 40 VND compared to the end of last week. At Vietcombank , the VND/USD buying rate is 26,090-26,120 VND, selling rate is 26,480 VND.

The listed exchange rate at VietinBank is 26,123 VND (buy) and 26,483 VND (sell).

AtACB , the listed exchange rate is 26,130 VND (buy) and 26,480 VND (sell).

The exchange rate on the interbank market also decreased by 0.11% compared to last week, down to 26,300 VND/USD, a sharp decrease of 133 VND compared to the peak of 26,433 VND.

On the same day, the State Bank announced the central exchange rate at 25,291 VND/USD, down 7 VND compared to the end of last week.

According to the announcement of the State Bank of Vietnam on average lending and mobilization interest rates in July 2025, the average USD lending interest rate of domestic commercial banks for new and old loans with outstanding debt is at 4.1-5%/year.

Source: https://vietnamnet.vn/ngan-hang-nha-nuoc-can-thiep-ty-gia-lap-tuc-phan-ung-2435927.html