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Starting November 11, 2026, the State Bank of Vietnam will buy dollars from banks with positive foreign currency positions every Monday and Wednesday at 25,500 dong per dollar. Rong Viet Securities says the purchases could support the dollar-dong exchange rate, increase foreign exchange reserves and provide longer-term dong liquidity to banks.
The State Bank of Vietnam provided nearly VND 50 trillion to the banking system through a six-month foreign exchange swap on November 9 and raised its spot USD purchase price from November 11. Medium- and long-term interbank swap rates fell after the measures were announced, while the volume of spot purchases remains dependent on actual trading conditions.
The State Bank of Vietnam has introduced a six-month foreign exchange swap with an initial size of $2 billion and a quoted annual cost of 2.25%. An official said the November 9 operation provided nearly VND 50 trillion to the banking system to help banks meet liquidity needs at year-end and before Tet.
