Vietnam Money Market – May 2026 – Exchange rate remained resilient amidst various headwinds
Posted: Jun 5, 2026
-
The overnight interbank interest rate in May fluctuated around the 5% – 6% range, before surging sharply to 7% towards the end of the period.
-
Deposit interest rates experienced divergent adjustments in May. Nonetheless, the average 12-month deposit rate of commercial banks remained elevated at 8.35% (+ 2.57 percentage points YTD).
-
Despite significant pressure from a record trade deficit and rising inflation, the USD/VND exchange rate stayed stable. By the end of May, the interbank exchange rate stood at 26,313 VND/USD (+0.16% YTD).
Share:
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.