Reference exchange rate down by 1 VND

The State Bank of Vietnam announced its reference VND/USD exchange rate on August 14 at 22,441 VND/USD, down by 1 VND from the end of last week.

Monday, August 14, 2017 09:07

Reference exchange rate down by 1 VND ảnh 1

The daily reference exchange rate on August 14 was revised down 1 VND from August 11 to 22,441 VND/USD. Illustrative image (Photo: VNA)

Hanoi,(VNA) – The State Bank of Vietnam announced its reference VND/USD exchange rateon August 14 at 22,441 VND/USD, down by 1 VND from August 11.

With the current +/- 3 percent VND/USD trading band, the ceiling exchange rateis 23,114 VND per USD and the floor rate is 21,768 VND per USD.

Major commercial banks kept their rates quite stable in comparison with the endof last week.

Vietcombank offered 22,695 VND (buying) and 22,765 VND (selling), per USD, unchangedfrom the end of last week.

BIDV also offered the same rates as Vietcombank’s, with 22,695 VND (buying) and22,765 VND (selling), per USD.

Techcombank set its buyingand selling rates at 22,680 VND and 22,775 VND, per USD, also unchanged fromthe end of last week.-VNA

VNA

#State Bank of Vietnam #reference VND/USD exchange rate #trading band #commercial banks #ceiling exchange rate #floor exchange rate #Vietnam. Vietnamplus #Vietnam news

See more

Vietnam Airlines to resume Hanoi-Moscow direct flights from May 8

16/03/2025 22:06

As part of its expansion strategy, Vietnam Airlines plans to launch and restore 15 international routes in 2025, connecting Vietnam to key destinations such as Italy, Russia, Denmark, China, India, Japan, the Republic of Korea, and the UAE.

Associate Professor Nguyen Dang Bang at the University of Cambridge’s Judge Business School (Photo: VNA)

Vietnam well-positioned to develop international financial centre: Scholar

16/03/2025 17:46

Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.

Forum promotes Japan-Vietnam-Thailand trade and tourism connectivity

16/03/2025 16:46

Fukuoka, northeastern Thailand, and central Vietnam could form an important economic triangle, bringing practical benefits to regional economic development.

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

16/03/2025 05:06

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Steel products of Hoa Phat Group will not be subject to the European Union (EU)’s provisional anti-dumping duties on certain hot rolled coil (HRC) steel products imported from Egypt, India, Japan, and Vietnam. (Photo: hoaphat.com.vn)

Hoa Phat’s hot rolled coil products not subject to EU's anti-dumping duties

16/03/2025 01:09

The exemption from anti-dumping duties reflected the firm’s legal expertise in handling international trade regulations. Furthermore, downstream businesses using Hoa Phat’s HRC will have greater opportunities to export to the EU without concerns over origin or raw material pricing issues.

Rice exports set for rebound amid strong demand

16/03/2025 00:25

Customer demand remains high, with Vietnam exporting over one million tonnes of rice in the first two months of the year.

Vietnamese Ambassador to Italy Duong Hai Hung speaks at the event. (Photo: VNA)

Vietnam - bright spot in Italy's Asia strategy

15/03/2025 17:47

Vietnam is currently Italy's largest trading partner in ASEAN, with bilateral trade turnover reaching 6.9 billion USD in 2024, an increase of 13.1% year-on-year.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

15/03/2025 17:18

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

15/03/2025 16:30

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.

Various products are displayed for sale during an online shopping session on an e-commerce platform. (Photo thesaigontimes.vn)

Video shopping set to become next major trend in e-commerce

15/03/2025 15:39

Video shopping is emerging as a new trend, compelling sellers to adopt multi-channel strategies while enhancing key services such as express delivery, after-sales support and exclusive promotions.

Domestic businesses have taken on various sectors such as manufacturing train carriages, locomotives, and installing railway equipment and materials. (Photo: baodautu)

Vietnam’s railway industry gears up for major boost

15/03/2025 14:00

Vietnam’s railway industry can draw valuable lessons from countries that have successfully developed their domestic railway sectors.

Cane sugar is a type of sugar made from sugar cane. (Photo: congthuong.vn)

Sugar products from Indonesian company subject to anti-circumvention measures

15/03/2025 13:02

An investigation by the Ministry of Industry and Trade shows that PT. Kebun Tebu Mas has circumvented Vietnam’s trade defence measures for certain sugar products.

Workers process tuna for export at the Ba Hai JSC factory in Phu Yen province. (Photo: VNA)

Vietnam’s tuna exports face new challenges

15/03/2025 11:44

One of the major factors impacting export trends is the limited supply of raw materials, particularly those caught by domestic fishing fleets.

Manola Meuangmani, Director General of the Foreign Exchange Management Department under the Bank of the Lao PDR, speaks at the conference (Photo: VNA)

Vietnam, Laos promote payments in local currencies to boost trade

15/03/2025 07:37

Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and easing foreign currency demand pressures.

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu (right) and Airbus Executive Vice President International Wouter van Wersch (Photo: Ministry of Foreign Affairs)

Vietnam urges Airbus to expand collaboration in high-tech industries, human resource training

14/03/2025 21:51

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu on March 14 suggested Airbus expand its cooperation with Vietnam, especially in high-tech industries and human resource training.

Prime Minister Pham Minh Chinh receives Wouter Van Wersch, Executive Vice President of Airbus International. (Photo: VNA)

PM suggests Airbus help Vietnam in developing aviation ecosystem

14/03/2025 21:15

During a meeting on March 14 with Wouter Van Wersch, Executive Vice President International of Airbus, Prime Minister Pham Minh Chinh praised the aerospace giant’s cooperation with Vietnamese partners, emphasising its role in boosting domestic and international connectivity and driving Vietnam’s socio-economic growth.