Developments in Money Market and Inter-bank Market (August 11-15, 2025)
1. Forex market and exchange rates
On August 11, 2025, the buying and selling exchange rates quoted on the website of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) were at VND 26,040/26,400 per USD, unchanged as compared with the rates of the last working day of the previous week (August 8, 2025). By the end of August 15, 2025, the exchange rates were quoted at VND 26,090/26,450 per USD, an increase of VND 50 per USD as compared with the rates of August 11, 2025.
2. Inter-bank transaction operations
2.1. Transactions
According to the reports submitted by the credit institutions and the foreign bank branches, the total amount of transactions in VND in the inter-bank market during the week reached approximately VND 2,807,150 billion, an average of VND 561,430 billion per day, a decrease of VND 2,408 billion per day as compared to the previous week. Meanwhile, the transaction amount in USD was equivalent to VND 705,049 billion, an average of VND 141,010 billion per day, an increase of VND 2,830 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 4% of the total amount of transactions respectively. For USD transactions, overnight and 1-week terms accounted for 87% and 10% of the total amount of transactions respectively.
2.2. Inter-bank interest rates
For transactions in VND: As compared to the previous week, the average inter-bank interest rates for most of the key terms experienced a significant downward trend as compared to the previous week. Specifically, the average inter-bank interest rates for overnight,1-week and 1-month terms decreased by 1.14 percentage points, 0.94 percentage points and 0.49 percentage points respectively, to 4.67% p.a., 4.70% p.a. and 4.88% p.a. respectively.
For transactions in USD: As compared to the previous week, the average inter-bank interest rates experienced minor changes. Specifically, the average inter-bank interest rate for overnight term remained unchanged, at 4.29% p.a., the average inter-bank interest rate for 1-week term decreased slightly by 0.01 percentage points, to 4.29% p.a.
The specific average inter-bank interest rates were as follows:
Overnight |
1-week |
2-week |
1-month |
3-month |
6-month |
9-month |
|
VND |
4.67 |
4.70 |
5.17 |
4.88 |
5.58 |
5.78 |
5.02 |
USD |
4.29 |
4.29 |
4.36 |
4.33 |
4.55 |
- |
- |
Translated by HY