SBV shifts to net liquidity withdrawal as demand cools down

In 15W26, the SBV shifts to a net liquidity withdrawal from the banking system following a week of strong injections, as funding demand begins to cool down. Consequently, interbank rates exhibit a diverging trend; short end rates rise due to heavy repo maturities, while longer term rates decrease slightly as mid-term liquidity remains stable. On the FX front, USDVND edges lower after six consecutive weeks of gains, tracking a significant softening of the greenback as U.S.–Iran tensions enter a negotiation phase and global energy prices decline.