The Vietnamese interbank market experienced notable shifts in monetary rates, with overnight and short-term rates easing while specific tenors faced upward pressure. According to recent data compiled by Vietnam’s interbank market research associations, the overall liquidity landscape is showing dynamic adjustments as financial institutions manage their capital portfolios in response to shifting macroeconomic conditions.
Financial analysts closely monitoring the central bank’s policy maneuvers note that these fluctuations reflect both seasonal demand and proactive liquidity management by commercial banks. While short-term accommodations have seen relief, the climbing rates in specific medium-term brackets signal a cautious approach among market participants.
Interbank Market Dynamics: Overnight Rates Drop While Two-Week Tenors Climb
On September 17, Vietnamese Dong (VND) interest rates across the interbank market displayed a diverging trend, decreasing across most overnight and ultra-short maturities while climbing for the two-week tenor.
Specifically, the average overnight and one-week interest rates both dropped by 0.3 to 0.4 percentage points compared to the previous trading session, settling at 3.2% and 3.9% per annum, respectively. Market observers attribute this brief relief in overnight funding costs to a temporary easing of immediate liquidity pressures among commercial lenders.
Conversely, the two-week interest rate moved in the opposite direction, jumping by 0.65 percentage points to reach 5.5% per annum. Meanwhile, the one-month interbank interest rate remained unchanged, holding steady at 6.0% per annum.
Concurrently, US Dollar (USD) interbank interest rates moved uniformly upward, registering increases of 0.16 to 0.21 percentage points across various maturities. The overnight USD interest rate climbed to 3.84% per annum, followed by the one-week tenor at 3.91%, the two-week tenor at 3.95%, and the one-month tenor closing at 4.01% per annum. This upward trend in USD interbank rates underscores persistent global currency dynamics and domestic foreign exchange liquidity balancing.
Corporate Governance Shifts: Fisheries Sector Expert Appointed Chairwoman of Hung Hau Foods
In corporate developments, the extraordinary general meeting of shareholders of Hung Hau Foods Investment and Development Joint Stock Company (HSL) recently concluded with the election of five additional members to its Board of Directors for the remainder of the 2026–2031 term.
Following the general meeting, the newly constituted Board of Directors convened and unanimously elected Associate Professor Dr. Phan Phuong Loan as the new Chairwoman of the Board, securing a 100% approval rate.
Born in 1977, Dr. Phan Phuong Loan holds a doctorate in aquaculture. In 2025, she was officially recognized as meeting the academic criteria and standards for the title of Associate Professor in the aquaculture sector.
Currently, Dr. Loan serves as the Head of the Department of Agriculture and Natural Resources at An Giang University, a constituent institution of Vietnam National University, Ho Chi Minh City. Her appointment is expected to bring robust academic rigor and specialized management expertise to Hung Hau Foods as the company navigates its strategic development roadmap within the competitive agricultural and food processing sectors.
Urban Infrastructure and Traffic Management: Major Adjustments at Binh Loi 2 Bridge
In municipal traffic management, the Ho Chi Minh City Department of Construction has officially approved a traffic reorganization plan for the Binh Loi 2 Bridge area, effective September 19. The plan aims to alleviate chronic congestion by implementing strict time-based segregation between two- and three-wheeled vehicles and automobiles.
Under the new arrangement, the second lane from the sidewalk on the route from Thu Duc City heading toward Binh Thanh District is designated exclusively for two- and three-wheeled vehicles during peak hours: from 6:00 AM to 9:00 AM and from 4:00 PM to 8:00 PM.
During off-peak hours—specifically from 9:00 AM to 4:00 PM and from 8:00 PM to 6:00 AM the following morning—this specific lane will be reallocated for passenger cars and automobiles with fewer than 16 seats.
The Ho Chi Minh City Center for Transport Management and Infrastructure has been tasked with installing comprehensive signage and hanging informational banners to guide motorists. This intervention was enacted following persistent traffic bottlenecks around the Binh Loi 2 Bridge, particularly at its intersection with Nguyen Xí Street. Commuters have frequently experienced severe gridlock, with vehicles tailing back across the bridge at sluggish speeds during rush hours.
Strengthening Legal Operations in State Agencies and Enterprises
The Ho Chi Minh City People’s Committee has recently issued a directive aiming to reinforce legal enforcement capabilities across municipal departments, sectors, and state-owned enterprises. The initiative requires local units to thoroughly evaluate their organizational structures, personnel adequacy, and the operational quality of their internal legal departments. This assessment must pinpoint operational limitations, underlying causes, and individual responsibilities in leadership and administrative management.
Currently, 15 out of 16 major departments and sectors in Ho Chi Minh City have established specialized legal divisions. The city has mandated that these units appoint competent civil servants and legal professionals with suitable expertise. Furthermore, agencies are instructed to enhance training programs focused on advisory skills, regulatory review, legal consulting, and the resolution of emerging legal disputes.
For state-owned enterprises, the municipal administration requires the establishment of dedicated legal departments or the assignment of legal personnel tailored to the enterprise’s scale, industry sector, and management model. Close coordination between legal units and specialized divisions is emphasized to ensure strict compliance with the law, safeguard state assets, and foster sustainable business growth. The Department of Justice will oversee, monitor, and guide the implementation of these measures while addressing operational bottlenecks and proposing inter-agency coordination mechanisms.
Urban Renewal: Expansion Project Approved for Ton That Thuyet Street
In a major infrastructure development, the Ho Chi Minh City People’s Committee has approved the investment project to upgrade and expand Ton That Thuyet Street alongside the construction of a linear green park running parallel to the Te Canal. The project encompasses a total land use area of approximately 170,333 square meters.
Spanning a total length of roughly 3.6 kilometers, the project traverses Vinh Hoi, Khanh Hoi, and Xom Chieu wards. The core component involves upgrading and expanding a 3.415-kilometer stretch of Ton That Thuyet Street to a width of 26 meters, which includes the construction of a new bridge spanning the Nguyen Kieu River.
Additionally, the project includes building a new 185-meter road segment conforming to urban planning standards (28 meters wide) and expanding the existing Nguyen Kieu Bridge on Ben Van Don Street to a length of 81.05 meters with a planned cross-section of 25 meters.
Beyond roadway construction, the project incorporates modern drainage systems, roadside greenery, lighting, technical utility trenches, and approximately 3.293 kilometers of reinforced embankments to protect the banks of the Te and Nguyen Kieu canals. A landscaped green park will also be established along the Te Canal corridor.
According to the Ho Chi Minh City People’s Committee, the project plays a pivotal role in completing the primary transportation network, seamlessly connecting Ben Van Don Street, Nguyen Tat Thanh Street, and the upcoming Nguyen Khoi bridge-road project while substantially enhancing the urban landscape along the Te Canal. The Traffic Construction Investment Project Management Board has been appointed as the primary investor, with local authorities in Vinh Hoi, Khanh Hoi, and Xom Chieu wards responsible for site clearance, compensation, support, and resettlement programs.
Ho Chi Minh City Hospital for Dermatology Achieves International Accreditation
The Ho Chi Minh City Department of Health announced that the Ho Chi Minh City Hospital for Dermatology has successfully attained international accreditation from ACHS International under the EQuIP7 quality evaluation and improvement program.
This recognition highlights the hospital’s rigorous efforts to standardize its operational workflows, ensure patient safety, and maintain a culture of continuous quality improvement. The evaluation took place from August 10 to August 12, and the resulting certification remains valid from September 9, 2026, to September 8, 2029, contingent upon the hospital’s sustained adherence to evaluation protocols and ongoing quality enhancement standards.
Achieving this accreditation required the hospital to undergo extensive preparation, self-assessment, and independent evaluations across multiple operational domains. These domains extend beyond clinical expertise to encompass hospital management, patient safety, infection control, medication management, risk mitigation, patient-centered care, and the institutionalization of quality improvement frameworks.
As a specialized medical facility handling a massive influx of patients from Ho Chi Minh City and neighboring provinces, adopting international standards elevates its management capacity, fosters a professional work environment, and reinforces public trust in the quality of public healthcare services. The municipal health sector has commended the hospital’s leadership and staff, viewing this milestone as a significant step forward in raising the operational standards of local medical institutions and aligning them with global benchmarks.
