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OMO net pumping volume development since the beginning of 2025. Unit: VND billion
Source: VietstockFinance
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Specifically, the total new issuance volume on the term purchase channel with a fixed interest rate of 4%/year reached 41,552 billion VND, while up to 58,822 billion VND matured. Accordingly, the SBV net withdrew 17,270 billion VND, reducing the circulating volume on this channel to 217,005 billion VND as of August 29.
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Development of overnight interbank interest rates since the beginning of 2025. Unit: %/year
Source: VietstockFinance
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In the interbank market, the overnight interest rate fell sharply by 273 basis points compared to the previous week, to 2.03%/year on August 28. Trading volume also slowed down, averaging just over VND 440 trillion/day, down more than 10% from the previous week – contrary to the usual trend in the last phase of the month.
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DXY movement from the beginning of 2025 to September 02
Source: VietstockFinance
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In the international market, the USD Index (DXY) ended a three-week losing streak, edging up 0.13 points to 97.86. The USD recovered after the US Department of Commerce announced that the core Personal Consumption Expenditure (PCE) price index for July rose 2.9% from a year ago, the highest since February 2025.
Inflation staying above the 2% target led investors to believe that the Federal Reserve (Fed) will continue to keep interest rates high, pushing up US bond yields and capital inflows into the greenback.
Domestically, the USD/VND exchange rate at Vietcombank on August 29 was recorded at 26,132 – 26,502 VND/USD, up 2 VND in the buying price but down 18 VND in the selling price compared to the previous week.
– 13:06 03/09/2025
The Greenback Inches Up
“During the week of August 25-29, 2025, the US dollar staged a mild recovery in the international market following the release of US Commerce Department data. The data revealed a 2.9% year-over-year increase in the core Personal Consumption Expenditures (PCE) price index for July, the highest since February 2025.”
Maintaining Exchange Rate Stability
“With the busiest season for trade fast approaching, businesses are yearning for stable exchange rates to ease their financial worries. As the markets gear up for the frenzied festive period, a consistent currency value could be the difference between a prosperous year-end and a stressful scramble for many companies.”
Retail Gas Prices Surge Across the Board
On September 1st, domestic gas businesses announced a retail price increase, marking the first time this year that gas prices have surged after consecutive months of decline.
The Raid: Uncovering the Mansion and Workplace of “Bầu Đoan”
A fleet of trucks was dispatched to the scene to transport numerous computers and documents from the Dong A Company’s headquarters for the ongoing investigation. This was part of a thorough search and seizure operation, with all items carefully collected as potential evidence.
The Ever-Rising Gold Prices: Experts Predict Further Gains
The gold bar selling price surges past 129 million VND per tael, while the gold ring price surpasses 124 million VND per tael, marking a significant increase that has caught the attention of investors and consumers alike.
