The State Bank of Vietnam (SBV) plans to supply nearly 48,800 billion VND to the banking system through a 182-day USD/VND swap, capped at 2 billion USD. For the Nov. 6 intervention, the spot buying rate is set at 24,399 VND/USD and the forward selling rate at 24,704 VND/USD, with a value date of Nov. 9, 2026. Credit institutions sell USD to the SBV for VND and commit to buy back the currency at maturity, and only those with medium- and long-term foreign loans or international bonds with at least 12 months remaining are eligible. The tenor is much longer than the 7-day swap in September, which helps banks plan VND funding more proactively into year-end and early next year. The move is part of broader SBV measures to support liquidity and lower funding costs, including its earlier request that banks cut deposit and lending rates.
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 thông qua kênh hoán đổi ngoại tệ
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State Bank of Vietnamexchange ratesliquidityinterest ratesbanksVNINDEX
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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.
Related news
- Breaking: State Bank of Vietnam plans long-term liquidity injection for banks
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.
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