State Bank of Vietnam adjusts USD exchange rate and banking regulations

The State Bank of Vietnam (SBV) has adjusted the central exchange rate for the Vietnamese Dong against the US Dollar to 25,627 VND, reflecting a slight decrease following US PCE inflation data. In the domestic market, commercial banks like Vietcombank, BIDV, and Agribank have reported varying USD exchange rates, with most showing stability or minor decreases.

Regarding banking regulations, the SBV issued Circular 50/2026/TT-NHNN, which raises the Loan-to-Deposit Ratio (LDR) ceiling from 85% to 95% and introduces new liquidity management frameworks including LCR and NSFR, effective December 2026. Additionally, SBV Governor Pham Duc An reported that the system-wide bad debt ratio remained low at 1.68% as of late 2025.

In the consumer finance sector, credit outstanding in Ho Chi Minh City reached 182.3 trillion VND by late August 2026, a 9.6% increase. Meanwhile, the US market remains focused on upcoming economic indicators, including jobless claims and ISM manufacturing PMI, as investors monitor the Federal Reserve's potential interest rate trajectory.