# State Bank of Vietnam to run 6-month FX swap; will lending rates fall?

> The State Bank of Vietnam announced a USD/VND swap of 182 days, capped at $2 billion, with a spot buy rate of 24,399 and a forward sell rate of 24,704. Only banks with long-term foreign borrowing or international bonds can take part. Analysts say the swap supports bank funding, with limited impact on overall liquidity.

- Date: 2026-11-04 · published 2026-11-04T06:10:16.965Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/79225-state-bank-of-vietnam-to-run-6-month-fx-swap-will-lending-rates-fall
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The longer tenor adds dong liquidity for banks through year-end and into 2027, which may ease funding costs. The effect on dollar prices is limited.

## Read by commodity

- USDVND: neutral

## Sources

- vietnamfinance.vn: https://vietnamfinance.vn/nhnn-hoan-doi-ngoai-te-ky-han-6-thang-lai-suat-dau-vao-se-giam-d153181.html

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