The State Bank of Vietnam plans to inject nearly 48,800 billion dong into the banking system through a 182-day USD/VND swap, with a maximum size of 2 billion USD and a value date of November 9, 2026. Credit institutions sell USD to the SBV to receive VND and commit to repurchase at maturity, at a spot buying rate of 24,399 dong per USD and a forward selling rate of 24,704 dong per USD. This tenor is much longer than the 21-day, 14-day and 7-day swaps conducted in 2026, while the 2 billion USD limit remains unchanged. This time, participation conditions are more specific, applying only to institutions with medium- and long-term foreign loans or international bonds outstanding with remaining maturities of 12 months or more. The move comes alongside a request to cut deposit and lending rates and may help banks be more proactive in managing their VND funding.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nóng: Ngân hàng Nhà nước muốn bơm thanh khoản dài hạn cho hệ thống ngân hàng
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State Bank of Vietnamexchange ratesinterest ratesbanksliquidity
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 11/03/2026 | 1,699.62 |
| Change that session | -0.65% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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