
The State Bank of Vietnam began six-month foreign-exchange swaps expected to provide commercial banks with nearly VND50 trillion on November 9. The funding is intended to support liquidity through year-end and the Lunar New Year while helping stabilize the exchange rate and ease interest-rate pressure.
The liquidity injection may support domestic financing and reduce pressure on borrowing costs, while the exchange-rate stabilization aim could limit currency-driven swings in imported feed costs.
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