Bank

Central Bank Maintains Net Injection in Open Market Operations

During the week of November 3–10, the State Bank of Vietnam (SBV) continued its fourth consecutive week of net injection into the open market operations (OMO), with a total value exceeding 39 trillion VND, significantly higher than the 854 billion VND recorded in the previous week.

Administrator

12 November, 2025

OMO Operations’ Net Pumping Trends Over the Past Year. Unit: Billion VND

Source: VietstockFinance

Specifically, 119,443 billion VND was successfully bid on the OMO channel with terms ranging from 7 to 91 days, at a fixed interest rate of 4% per annum. Meanwhile, the maturing capital on the collateralized securities channel reached 80,193 billion VND, bringing the current circulation scale to 299,836 billion VND.

Interbank Interest Rate Trends Over the Past Year

Source: VietstockFinance

In the interbank market, interest rates rose across all terms. Notably, the overnight rate surged by 137 basis points compared to late October, reaching 5.82% per annum on November 7th. However, the average transaction value for overnight trades significantly decreased from late October, averaging over 695 trillion VND per day. Rates for 1-week to 1-month terms collectively increased by 53-89 basis points, fluctuating between 5.87% and 6.02% per annum, while the 6-month term rose to 5.99% per annum (a 64 basis point increase from late October).

DXY Trends from the Beginning of 2025 to November 10th

Source: VietstockFinance

In the international market, the USD Index (DXY), which measures the greenback’s strength against a basket of six major currencies, slightly decreased by 0.2 points from the previous week, settling at 99.47 points on November 7th.

The USD weakened after U.S. President Donald Trump acknowledged for the first time that American consumers are bearing additional costs due to tariff policies, although he maintained that these measures “benefit the nation overall.” This statement, coupled with a partial U.S. government shutdown delaying economic reports, raised concerns about U.S. economic growth prospects and exerted downward pressure on the greenback.

Domestically, Vietcombank’s USD/VND exchange rate closed the week of November 7th at 26,088-26,358 VND/USD (buy-sell), marking an 11 VND increase in both directions compared to the previous week.

Khang Di

– 13:28 11/11/2025