Reference exchange down 6 VND after New Year holiday
The State Bank of Vietnam set the daily reference exchange rate at 23,606 VND/USD on January 3, down 6 VND from the rate on the last day before the New Year holiday (December 30).
Illustrative image (Source: VNA)With the current trading band of +/-5 percent, the ceiling rate applicable to commercial banks during the day is 24,787 VND/USD and the floor rate 22,424 VND/USD.
The opening-hour rates at commercial banks saw decreases.
Vietcombank kept both rates unchanged from December 30 the end of the last week, listing the buying rate at 22,410 VND/USD and the selling rate at 22,760 VND/USD.
Meanwhile, BIDV listed the buying rate at 23,405 VND/USD and the selling rate at 23,685VND/USD, both down 50 VND from December 30./.
You should also see
Vietnam urged to build legal corridor for AI industry
Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.
See more
Business
Vietnam seeks to remove obstacles in upgrade of securities market
The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
