Vietnam is facing pressure to raise interest rates due to a weakening currency, with expectations of a hike emerging from analysts like Malayan Banking Bhd. The central bank recently raised the reverse repurchase rate to 4.5%, aimed at stabilizing the dong, which hit a record low against the USD. Analysts note that the SBV will likely continue to manage liquidity, adjust interbank rates, and use FX reserves to support the dong amidst challenges like high US interest rates and a strong USD.