On January 13th, in the interbank market, the USD/VND exchange rate closed at 26,287 VND/USD, an increase of 18 dong compared to January 12th. In the unofficial market, the USD rate dropped significantly by 200 dong in both buying and selling directions, trading around 26,600 VND/USD for buying and 26,650 VND/USD for selling.
Meanwhile, the State Bank of Vietnam kept the central exchange rate unchanged at 25,129 VND/USD compared to the previous session. At the Trading Center, the buying spot rate was listed at 23,923 VND/USD, 50 dong higher than the floor rate, while the selling spot rate was listed at 26,335 VND/USD, 50 dong lower than the ceiling rate.
In the interbank money market on January 13th, the average VND interest rate showed slight fluctuations across different terms compared to the previous session. Specifically, the overnight and 1-month rates remained unchanged at 4.00%/year and 6.30%/year, respectively.
Meanwhile, the 1-week rate increased by 0.10 percentage points to 4.60%/year, and the 2-week rate also rose by 0.10 percentage points to 5.05%/year.
For USD, interbank interest rates continued their downward trend across most terms. The overnight rate remained stable at 3.66%/year. Conversely, the 1-week rate decreased by 0.05 percentage points to 3.69%/year, the 2-week rate dropped by 0.03 percentage points to 3.73%/year, and the 1-month rate saw the largest decline of 0.07 percentage points, falling to 3.78%/year.
In the open market operations (OMO) channel on January 13th, the State Bank of Vietnam offered 1,000 billion VND for each term of 7 days, 14 days, 56 days, and 91 days, with a uniform interest rate of 4.5%/year.
The total successful bid amount reached 3,107 billion VND, with 409 billion VND for the 7-day term, 970 billion VND for the 14-day term, 728 billion VND for the 56-day term, and 1,000 billion VND for the 91-day term. On the same day, 7,202 billion VND matured. The State Bank did not offer treasury bills.
Thus, in this trading session, the State Bank of Vietnam net absorbed approximately 4,095 billion VND from the market. The total outstanding amount in the collateral channel decreased to 324,409 billion VND.
Revoking 18 Decisions and Circulars Issued by the Governor
Circular No. 67/2025/TT-NHNN repeals several legal normative documents issued by the Governor of the State Bank of Vietnam (SBV). This circular shall take effect from February 16, 2026.
Latest Currency Market Update (Jan 15): State Bank of Vietnam Resumes Net Injection of VND
The January 14th trading session witnessed a slight uptick in short-term VND interbank interest rates, coinciding with the State Bank of Vietnam resuming net VND liquidity injections through open market operations. In the foreign exchange market, the central exchange rate inched up, while USD rates across markets remained largely stable.
Preventing Overheating in Real Estate Credit
In 2026, the State Bank of Vietnam mandated that commercial banks limit real estate lending to no more than 13% of the previous year’s growth in this sector.
Bank Projects Over 7 Trillion VND in Profits for 2026, Credit Growth Surges 17%
In the first nine months of 2025, the bank’s pre-tax profit soared to VND 6,739 billion, a remarkable 1.5 times increase compared to the same period in 2024, surpassing its annual target by 104%.
Why Controlling Real Estate Lending Growth Rate is Essential
In 2026, commercial banks will cap real estate lending at 13% of the previous year’s credit growth in the property sector.
