# SBV launches six-month FX swap operation

> On November 3, the State Bank of Vietnam announced a six-month foreign currency swap with credit institutions to support longer-term VND funding. The operation is expected to inject up to about 48,800 billion dong through a 182-day swap, with USD bought spot at 24,399 VND and sold forward at 24,704 VND. Eligible participants are banks with at least 12 months of remaining foreign debt.

- Date: 2026-11-04 · published 2026-11-05T03:11:31.904Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/81060-sbv-launches-six-month-fx-swap-operation
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Longer-term VND funding can lower lending rates for businesses, including feed mills and livestock producers. The forward premium of about 2.5% per year reflects the cost of the swap for banks.

## Read by commodity

- USDVND: neutral

## Sources

- fili.vn: https://fili.vn/2026/11/nhnn-trien-khai-nghiep-vu-hoan-doi-ngoai-te-ky-han-6-thang-757-1511563.htm

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