Business

Reference exchange rate, banks’ rate gain speed on week’s first day

Both reference exchange rate, banks’ rate gain speed on week’s first day

The State Bank of Vietnam continued to raise the daily reference exchange rate on December 17, the first day of the week, to 22,783 VND/USD, 5 VND higher than the rate on the last day of previous week (December 14).
Both reference exchange rate, banks’ rate gain speed on week’s first day ảnh 1The daily reference exchange rate was raised to 22,783 VND/USD on December 17 (Photo: VNA)

Hanoi (VNA) – The StateBank of Vietnam continued to raise the daily reference exchange rate onDecember 17, the first day of the week, to 22,783 VND/USD, 5 VND higher thanthe rate on the last day of previous week (December 14).

With the current trading band of  +/- 3percent, the ceiling rate applied to commercial banks for the day is 23,465VND/USD and the floor rate is 22,101 VND/USD.

The transaction office of theState Bank of Vietnam kept the buying rate unchanged from December 14 at 22,700VND/USD but added 5 VND to the selling rate to 23,411 VND/USD.

The opening hour rates listed atcommercial banks went up compared to December 14.

Vietcombank increased both rates by 20 VND,listing the buying rate at 23,255 VND/USD and the selling rate at 23,345 VND.

Both rates at Techcombank went upby 15 VND to 23,235 VND/USD (buying) and 23,345 VND/USD (selling).

Meanwhile, the rates listed byBIDV stayed unchanged at 23,240 VND/USD (buying) and 23,330 VND/USD (selling).

Last week (December 10-14), thereference exchange rate followed a rising trend except for Thursday. The rategained a total 12 VND during the week.

On the contrary, the rates listed atcommercial banks have decreased throughout the week. -VNA
VNA
#State Bank of Vietnam #daily reference exchange rate #trading band of +/- 3 percent #ceiling exchange rate #floor exchange rate #Vietnam's monetary policy #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Reference exchange rate continues going up

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 22,775 VND/USD on the morning of December 11, up by 9 VND from December 10, which is the highest from the beginning of this year.

See more

Tran Ngoc Quan, Trade Counsellor and head of the Vietnam Trade Office in Belgium and the EU (Photo: VNA)

Belgian firms suggested to expand presence in Vietnamese market

Entering 2026 – the first year of implementing the Vietnam – EU Comprehensive Strategic Partnership, the Vietnam Trade Office in Belgium and the EU views this as a pivotal time to inject new momentum into trade ties, said Trade Counsellor Tran Ngoc Quan.

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit.

Saigon Marina IFC – The light of Ho Chi Minh City’s new icon

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit. Designed to become an International Financial Centre, this new architectural icon along the Saigon River is envisioned not only as a premium commercial complex, but as a central platform supporting financial institutions, international investors and cross-border capital flows in the years ahead.

Shoppers at a supermarket in Hung Yen (Photo: VNA)

Retailers see tax compliance, AI as key to survival in 2026 survey

The annual survey, conducted at the end of 2025 among retail and food and beverage (F&B) sellers nationwide, found that businesses are shifting their focus from rapid growth to operational efficiency, cost control and legal compliance amid increasingly stringent regulatory standards.

Visitors shop at Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026 opens broader prospects for Vietnam–UAE trade cooperation

For Vietnam, the UAE serves not only as a consumer market but also as a gateway to the Middle East and North Africa. Vietnamese agricultural products such as cashew nuts, pepper, cinnamon and rice have steadily gained market share, while aquatic products, including tra fish and tuna, are increasingly present in the UAE’s hospitality sector.

Bao Viet Bank's employee counts Vietnamese banknotes at a transaction counter in Hanoi. (Photo: VNA)

Credit quota reform, tighter capital rules may widen gap among banks

Yuanta Vietnam Securities estimates that to achieve GDP growth above 10%, credit growth would need to exceed 16%. This suggests bank credit is no longer expected to be the main growth driver, with greater reliance on fiscal policy, public investment and capital markets.