Reference exchange rate drops on August 29
The State Bank of Vietnam set the daily reference ND/USD exchange rate on August 29 at 22,438 VND per USD, down 5 VND from the previous day.
Reference exchange rate drops on August 29 (Illustrative image. Source: VNA)With the current trading band of +/-3 percent, the ceiling rate applied for commercial banks during the day is 23,111 VND and the floor rate 21,765 VND per USD.
The opening hour rates at major commercial banks saw almost no change from August 28.
Both Vietcombank and BIDV listed their buying rates at 22,695 VND and selling rates at 22,765 VND per USD, the same as on August 28.
Techcombank maintained the buying rate as on the previous day at 22,680 VND but reduced the selling rate by 5 VND to 22,775 VND per USD.-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
