# Central bank acts to stabilize forex market amid soaring dollar - The Saigon Times

> The State Bank of Vietnam acted to calm the forex market after the dollar surged, with bank-listed rates near VND26,112 to buy and the unofficial rate near VND28,000 at its peak. Authorities moved to curb speculation and dollar trading outside official channels.

- Date: 2025-10-26 · published 2025-10-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/22710-central-bank-acts-to-stabilize-forex-market-amid-soaring-dollar-the-saigon-times
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Intervention may limit further dong weakness, but a persistent gap between official and unofficial rates keeps the effective dollar cost of imported feed inputs elevated for Vietnamese buyers.

## Read by commodity

- USDVND: neutral

## Sources

- english.thesaigontimes.vn: https://english.thesaigontimes.vn/central-bank-acts-to-stabilize-forex-market-amid-soaring-dollar/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.