Vietnam Money Market – January 2026 – Positive exchange rate movement in Jan
Posted: Feb 12, 2026
- The overnight interbank rate declined sharply to 2.6% on 22 January, before rebounding to the highest level in more than a decade in early February due to seasonal factors.
- In January, nine additional banks raised deposit rates, bringing the average 12-month deposit rate of commercial banks to 5.9% by month-end.
- Exchange-rate pressure eased in the first month of the year in line with the sharp depreciation of the USD. The interbank exchange rate ended the month at 26,025 ND/USD, down 0.9% from the start of the year, marking its lowest point since mid-June 2025.
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