As rooftop solar PVs installed by residential customers penetrate in low voltage distribution network (LVDN), some issues, e.g. over/under voltage and unbalances, which may undermine the network's operational performance, need to be effectively addressed. To mitigate unbalances in LVDN, dynamic switching devices (PSDs) and static var compensator (SVC) are two equipment that are cost-effective and efficient. However, most existing research on operating PSDs are based on inflexible heuristic algorithms or without considering the network formulation, which may lead to strategies that violate operational requirements. Moreover, few pieces of literature have been reported on mitigating unbalances in LVDN via SVC and PSDs together. This paper, after presenting the dispatch model of SVC, formulates the decision-making process as a mixed-integer non-convex programming (MINCP) problem considering all practical operational requirements. To efficiently solve the challenging problem, the MINCP is reformulated as a mixed-integer second order-cone programming (MISOCP) problem based on either exact reformulations or accurate approximations, making it possible to employ efficient off-the-shelf solvers. Simulations based on a modified IEEE system and a practical system in Australia demonstrates the efficiency of the proposed method in mitigating unbalances in LVDN.