The director of the monetary policy department, Pham Chi Quang, explained that the State Bank's desire to maintain low interest rates and foreign investors' net selling are the reasons for the Vietnamese dong's depreciation despite the weakening US dollar.
Interbank interest rates have surged to 6.45% on 30/6/2025, prompting the State Bank of Vietnam to inject over 90 trillion VND into the system to meet liquidity demands.
