Reference exchange rate down at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,240 VND/USD on December 2, down 1 VND from the last working day of the previous week.

The daily reference exchange rate for the US dollar is set at 24,240 VND/USD on December 2. (Photo: VNA)
The daily reference exchange rate for the US dollar is set at 24,240 VND/USD on December 2. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,240 VND/USD on December 2, down 1 VND from the last working day of the previous week.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,452 VND/USD and the floor rate 23,028 VND/USD.

At major commercial banks, the opening hour rates saw decreases.

At 8:29 am, Vietcombank listed the buying rate at 25,149 VND/USD and the selling rate at 25,452 VND/USD, down 11 VND from November 29.

BIDV also cut both rates by 11 VND, posting the buying rate at 25,152 VND/USD and the selling rate at 25,452 VND/USD./.

VNA

See more

Loading rice for export at a port in Vietnam (Photo: VNA)

Exports hit new records following strong momentum

Vietnamese enterprises have set records across multiple areas, demonstrating strong export momentum that not only expands trade but also reinforces Vietnam’s position in global supply chains.

Products are promoted at the event. (Photo: VNA)

Vietnam connects resources to boost innovation, sustainable development

The Vietnam Innovation Summit, an annual international forum organised by InnoLab Asia, not only discusses policy and trends but also serves as a global bridge, bringing knowledge, resources, and cooperation opportunities from advanced innovation ecosystems worldwide to Vietnam.

Experts discuss at the seminar. (Photo: VNA)

CPTPP - Growth lever amid reciprocal tariff: Experts

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the first new-genereration free trade agreements (FTAs) to take effect, playing a vital role in Vietnam’s export growth, especially amid the impacts of the US’s tax policies, according to insiders.