# State Bank of Vietnam Swaps Foreign Currency for 6 Months, Up to $2 Billion

> The State Bank of Vietnam announced a USD/VND swap intervention for 6 November with a 182-day tenor and a maximum size of $2 billion. The spot buy rate was set at 24,399 dong per USD and the forward sell rate at 24,704 dong per USD. Eligible banks can only participate if they have medium- or long-term foreign borrowing or international bonds with at least 12 months remaining.

- Date: 2026-11-04 · published 2026-11-04T09:10:22.111Z
- Category: macro · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/79506-state-bank-of-vietnam-swaps-foreign-currency-for-6-months-up-to-2-billion
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The longer tenor gives banks a steadier supply of dong through the end-2026 and early-2027 seasonal credit peak, which supports the currency. A firmer dong lowers the dong cost of imported feed ingredients such as soybean meal and corn.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamfinance.vn: https://vietnamfinance.vn/nhnn-hoan-doi-ngoai-te-ky-han-6-thang-quy-mo-toi-da-2-ty-usd-d153181.html

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