45W26: Interbank rates remain high this week and USDVND declines

In 45W26, short-term interbank rates remained high this week, as the SBV sustained repo outstanding with newly issued value staying close to maturity. On the FX front, the USDVND rate extended its downward momentum despite a slight appreciation in the global greenback, as upward pressure from persistent foreign equity net selling was overshadowed by a solid trade surplus and elevated VND-USD interest rate differentials.