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30W26: Short-term interbank rates extend drop

July 27, 2026

In 30W26, the SBV persisted with its net liquidity extraction via open market operations as banking system liquidity continued to improve. Short-term interbank rates maintained their downward trajectory, signaling easing short-term funding pressures following the implementation of new liquidity ratio regulations, whereas longer maturities remained anchored at higher levels. On the FX front, the domestic USDVND exchange rate advanced for a second straight week, rising 0.13% WoW to 26,324 under the combined pressure of persistent foreign equity selling and a resilient global greenback fueled by Middle East geopolitical risks.

FI-30W26-Eng_1
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