Vietnam Money market – July 2025 – Deposit rates edged up slightly in July
Posted: Aug 5, 2025
- The overnight interbank rate hovered above 4% throughout the month, before dropping to 3,1% by month-end following SBV’s net injection efforts.
- Deposit rates at some banks slightly ticked up in July. By the end of the month, the average 12-month deposit rate at commercial banks reached 4,89%.
- The narrowing VND-USD interest rate differential during the month helped curb the upward pressure on the exchange rate. By the month-end, the interbank exchange rate reached 26.198 VND/USD (+2,9% ytd).
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