Reference exchange rate down by 1 VND
The State Bank of Vietnam adjusted its reference VND/USD exchange rate on August 11 down by 1 VND from August 10 to 22,442 VND/USD.
Reference exchange rate down by 1 VND (Illustrative image. Source: VNA)With the current /- 3 percent VND/USD trading band, the ceiling exchange rate is 23,115 VND per USD and the floor rate is 21,769 VND per USD.
Major commercial banks’ opening hour rates are stable.
Vietcombank offered 22,695 VND (buying) and 22,765 VND (selling), per USD, unchanged from the opening hour of the day ago.
BIDV also set the same rates as Vietcombank’s, with 22,695 VND (buying) and 22,765 VND (selling), per USD.
Vietinbank set its buying and selling rates at 22,705 VND and 22,775 VND, per USD, up 15 VND from the day ago.-VNA
You should also see
PM hosts Chairman of Russian Federal Bar Association
Prime Minister Pham Minh Chinh spoke highly of cooperation between the Russian Federal Bar Association (RFBA) and the Vietnam Lawyers’ Association (VLA) while receiving RFBA Chairman Sergey Stepashin, who is also former Prime Minister of Russia, in Hanoi on April 23.
See more
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
