Business

Reference exchange rate continues upward trend

The State Bank of Vietnam set the daily reference exchange at 25,206 VND/USD on July 29, up 24 VND from the previous day.

The State Bank of Vietnam sets the daily reference exchange at 25,206 VND/USD on July 29. (Photo: VNA)
The State Bank of Vietnam sets the daily reference exchange at 25,206 VND/USD on July 29. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange at 25,206 VND/USD on July 29, up 24 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,466 VND/USD and the floor rate 23,946 VND/USD.

At 8:20 am, the opening-hour rates at major commercial banks saw remarkable increases.

Vietcombank listed the buying rate at 26,020 VND/USD and the selling rate at 26,380 VND/USD, both up 60 VND from the July 28 morning session.

BIDV also raised both rates by 70 VND, listing the buying rate at 26,030 VND/USD and the selling rate at 26,390 VND/USD./.

VNA
#The State Bank of Vietnam #major commercial banks #Vietcombank #BIDV #reference exchange
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