1. Forex market and exchange rates
On September 8, 2025, the buying and selling exchange rates of USD/VND quoted at the end of the day on the website of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) stood at VND 26,217/26,497 per USD, increasing by VND 27 per USD and decreasing by VND 13 per USD respectively compared with the rates at the end of the last working day of the previous week (September 5, 2025). By the end of September 12, 2025, the exchange rates were quoted at VND 26,196/26,476 per USD, down by VND 21 per USD compared with the rates of September 8, 2025.
2. Inter-bank transaction operations
2.1. Transactions
According to the statistical reports submitted by credit institutions and foreign bank branches, the total amount of transactions in VND in the inter-bank market during the week reached approximately VND 2,704,745 billion, an average of VND 540,949 billion per day, a decrease of VND 8,649 billion per day as compared to the previous week. Meanwhile, the transaction amount in USD (converted into VND) reached about VND 651,663 billion, an average of VND 130,333 billion per day, a decrease of VND 2,850 billion per day as compared to the previous week.
Regarding the maturities, most VND transactions were for overnight and 1-week terms, accounting for 93% and 3% of the total transaction volume respectively. For USD transactions, overnight and 1-week terms accounted for 88% and 10% of the total transaction volume respectively.
2.2. Inter-bank interest rates
For transactions in VND: The average inter-bank interest rates tended to decrease across most of the key terms as compared to the previous week. Specifically, the average inter-bank interest rates for overnight and 1-week terms decreased by 0.39 percentage points each, to 4.16% p.a. and 4.36% p.a. respectively.
For transactions in USD: The average inter-bank interest rates remained almost unchanged compared with the previous week. Specifically, the average inter-bank interest rates for overnight and 1-week terms remained unchanged, standing at 4.29% p.a. and 4.32% p.a. respectively.
The specific average inter-bank interest rates were as follows:
Overnight |
1-week |
2-week |
1-month |
3-month |
6-month |
9-month |
|
VND |
4.16 |
4.36 |
4.60 |
4.93 |
5.54 |
5.93 |
– |
USD |
4.29 |
4.32 |
4.30 |
4.33 |
4.46 |
– |
– |
HM