Vietnam Money market – November 2025 – Interest rates edged up, SBV rolled out new liquidity support instrument

Posted:  Dec 11, 2025

  • Overnight interest rates continued to rise in November, hitting a 3-year high of 7.5% in early December.
  • Deposit rates inched up as credit growth accelerated nearly 1.4 times faster than deposit mobilization growth.
  • Exchange rate pressure has generally eased. By end-November, the interbank exchange rate stood at 26,365 VND/USD (+3.6% ytd).
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