Reference exchange rate down 2 VND on October 1
The State Bank of Vietnam set the daily reference exchange rate at 23,160 VND/USD on October 1, down 2 VND from the previous day.
Illustrative image. (Photo: VNA)With the current trading band of +/- 3 percent, the ceiling rate applicable to commercial banks during the day is 23,854 VND/USD and the floor rate 22,466 VND/USD.
The opening-hour rate at commercial banks followed different directions.
At 8:15am, Vietcombank listed the buying rate at 22,630 VND per USD and the selling rate at 22,860 VND/USD, both up 10 VND from September 30.
On the contrary, BIDV cut 5 VND from both rates, listing the buying rate at 22,655 VND/USD and the selling rate at 22,855 VND/USD.
During the week from September 27 to October 1, the daily reference exchange rate followed an upward trend, ending the week up 19 VND./.
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
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.
