Keyword: "exchange rate"

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The US dollar at Vietnamese commercial banks has so far this year increased by about 2.6-3% against the dong. (Photo: VNA)

Dollar appreciates in domestic market due to surge in foreign debt repayment

The State Bank of Vietnam (SBV)’s central exchange rate this week even set a new peak, surpassing 25,000 VND per dollar for the first time. The dollar selling price at commercial banks has also remained close to the ceiling, indicating that pressure on the USD/VND exchange rate has not decreased.

Illustrative image (Photo: VNA)

Reference exchange rate remains unchanged

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,325 VND/USD on February 3, unchanged from January 24, the last working day before the Lunar New Year (Tet) holiday.