Reference exchange rate adjusted down on July 17
The State Bank of Vietnam set the daily reference exchange rate on July 17 at 22,643 VND/USD, down 10 VND from the previous day.
Illustrative image (Source: VNA)Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate on July 17 at 22,643 VND/USD, down 10 VND from the previous day.
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,322 VND/USD and the floor rate 21,964 VND/USD.
The rates listed at commercial banks saw mixed slight changes.
Vietcombank kept both rates unchanged from July 16, at 23,010 VND/USD (buying) and 23,080 VND/USD (selling).
BIDV raised both rates by 5 VND, listing the buying rate at 23,015 VND/USD and the selling rate at 23,085 VND/USD.
Meanwhile, the rates at Vietinbank dropped by 4 VND to 23,015 VND/USD (buying) and 23,085 VND/USD (selling).
The reference exchange rate was on a rising trend for most of last week but then went down on Friday and up again on the first day of this week (July 16).-VNA
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
