Vietnam Interbank Rate
Money & Rates · Monthly series · VNINBR
Latest, October 2026
7.6%
+0.97pp from September 2026
Recent history
| Period | Value |
|---|---|
| October 2026 | 7.6% |
| September 2026 | 6.6% |
| August 2026 | 7.1% |
| July 2026 | 7.3% |
| June 2026 | 8.0% |
| May 2026 | 7.5% |
| April 2026 | 7.1% |
| March 2026 | 8.4% |
| February 2026 | 7.3% |
| January 2026 | 7.2% |
| December 2025 | 8.4% |
| November 2025 | 6.5% |
| October 2025 | 6.2% |
| September 2025 | 5.5% |
| August 2025 | 5.6% |
| July 2025 | 5.0% |
| June 2025 | 5.2% |
| May 2025 | 4.5% |
| April 2025 | 5.4% |
| March 2025 | 5.5% |
| February 2025 | 5.5% |
| January 2025 | 5.3% |
| December 2024 | 5.7% |
| November 2024 | 5.5% |
Forecast
Forecast for October 2027: 7.2%, with an 80% interval of 4.5% to 10.4%.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 7.6% | 6.9% | 8.5% |
| December 2026 | 7.7% | 6.6% | 8.9% |
| January 2027 | 7.6% | 6.2% | 9.2% |
| February 2027 | 7.5% | 5.8% | 9.4% |
| March 2027 | 7.4% | 5.5% | 9.6% |
| April 2027 | 7.4% | 5.3% | 9.7% |
| May 2027 | 7.3% | 5.1% | 9.8% |
| June 2027 | 7.3% | 4.9% | 9.9% |
| July 2027 | 7.2% | 4.8% | 10.0% |
| August 2027 | 7.2% | 4.7% | 10.1% |
| September 2027 | 7.2% | 4.6% | 10.3% |
| October 2027 | 7.2% | 4.5% | 10.4% |
Accuracy: Ties no-change, won 5 of 12 test years. Its errors were 1.07 times those of a no-change forecast (MASE). The 80% band held 78% of outcomes. No-change is a forecast that keeps the latest value.
Commentary
Interbank rate steadies around 7.63% in Nov 2026, easing modestly to 7.16% by Oct 2027.
7.60% (Oct 2026) → 7.63% (Nov forecast), driven by SBV net liquidity drainage via repos and end‑month OMO.
7.63% → 7.16% (Nov 2026→Oct 2027), easing as Circular 50 raises LDR to 95% and planned SBV injections reduce funding stress.
6.63% (Sep) → 7.60% (Oct) volatility amplified by USD/VND pressure, dollar strength and occasional SBV forex sales.
Source
Data: ECONOMICS feed via TradingView.
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