# SBV’s intervention cools foreign exchange market

> The State Bank of Vietnam sold dollars through 180-day cancellable forward contracts on August 25 and 26 at VND26,550 per dollar, targeted at banks with negative FX positions. The move cooled the exchange rate, which had hit a record. Forward sales were also used in 2024, and the central rate is up 3.9% this year.

- Date: 2025-08-26 · published 2025-08-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/23624-sbv-s-intervention-cools-foreign-exchange-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The intervention caps near-term dong weakness, which could ease import costs for Vietnamese feed buyers in the short term. Its effect on world feed commodity prices is limited.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1724009/sbv-s-intervention-cools-foreign-exchange-market.html

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