37W26: SBV shifts to net liquidity withdrawal while USDVND eases sharply

During 37W26, the SBV shifted back to a net liquidity withdrawal stance via open market operations, absorbing excess funds as physical currency steadily returned to the banking system post-holiday. Interbank rates extended their downward trend across key short-to-medium tenors alongside moderating turnover, confirming that system liquidity has remained comfortable despite late-week upticks at the long end. On the FX front, the domestic USDVND exchange rate dropped firmly, decisively breaking below the 26,000 benchmark alongside a marginally softer greenback, even as foreign investors sustained net portfolio outflows and elevated crude oil prices fueled global rate hike expectations.