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Published Date: 07/01/2025

  • Interbank rates reached 3.6% by year-end.
  • With limited room for further monetary policy easing, we do not expect any policy rate cut in 2025 and expect input rates to fluctuate around the range of 5% - 5.2%.
  • Amid uncertainties associated with ‘Trump 2.0’ that could lead to a surge in the value of the USD, we expect the exchange rate to range within 25,500 – 25,800 VND/USD in Q1/2025.
Vietnam Money Market - Dec 2024

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