# When the State Bank intervenes, the exchange rate reacts immediately.

> 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.

- Date: 2025-08-25 · published 2025-08-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/23625-when-the-state-bank-intervenes-the-exchange-rate-reacts-immediately
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- vietnam.vn: https://www.vietnam.vn/en/ngan-hang-nha-nuoc-can-thiep-ty-gia-lap-tuc-phan-ung

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