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From August 25, the State Bank of Vietnam sold foreign currency forward contracts with a 180-day cancellation option at VND26,550 per dollar for credit institutions with negative FX positions. Commercial bank dollar rates dropped after the move, with the interbank rate falling to 26,300 from a peak of 26,433.
The intervention lowers the dollar cost for Vietnamese importers in the near term, which can ease pressure on feed and fuel costs. The effect on global commodity prices is negligible.
vietnam.vnVietNamNetAug 25, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
