SBV maintains net liquidity injection as funding demand spikes

In 18W26, SBV maintains liquidity injections, albeit at a moderate level, to the banking system during holiday week. Specifically, interbank rates rise on short tenors due to increased funding demand ahead of the holiday, while longer-term rates remain stable. In the FX market, USDVND edges higher despite a softening greenback, driven by holiday-related domestic demand and persistent foreign net selling in the equity market.