Business

Reference exchange rate edges down on November 17

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,376 VND/USD, and the floor rate 23,864 VND/USD.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,120 VND/USD on November 17, down 2 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 26,376 VND/USD, and the floor rate 23,864 VND/USD.

At 8:13, the opening-hour rates at major commercial banks saw mixed fluctuations.

Both Vietcombank and BIDV listed the buying rate at 26,156 VND/USD and the selling rate at 26,376 VND/USD. Compared with the November 14 session, the selling rate at both banks fell slightly by 2 VND. Meanwhile, the buying rates moved in opposite directions, with BIDV down 4 VND and Vietcombank up 18 VND./.

VNA
#reference exchange rate #State Bank #Vietnam
Follow VietnamPlus

Related News

See more

Melons labelled with traceability codes on display at the Song Van agricultural produce store in Ninh Binh city, Ninh Binh province. (Photo: VNA)

Tracing origins hindered by fragmented data systems

As the Government accelerates the digital economy, establishing a unified national traceability system has become a crucial move to end data fragmentation and disconnection among ministries, sectors and localities.

Hyundai unveils its new Avante Hybrid model in Seoul, the Republic of Korea, on August 13, 2020. (Photo: Yonhap/VNA)

Tax cuts poised to ignite Vietnam’s hybrid vehicle boom from 2026

Experts forecast that 2026-2030 will mark a period of strong growth for hybrid vehicles in Vietnam, a trend that will invigorate the automotive sector while supporting national objectives on emissions reduction, sustainable development and the broader transition to green mobility.

Illustrative image (Photo: VNA)

Vietnam targets 1 billion USD in banana exports

Bananas have been identified as a priority product under the Project for the Development of Key Fruit Crops to 2025, with a vision to 2030, approved in October 2022. Under the plan, banana acreage is projected to reach 165,000–175,000ha by 2030, with output of 2.6–3 million tonnes.

Deputy Minister of Foreign Affairs Nguyen Minh Hang (Photo: VNA)

Event connects Vietnamese businesses with African countries

Deputy Foreign Minister Nguyen Minh Hang held that to develop Vietnam – Africa ties more strongly and substantively, it is necessary to promote the engagement of businesses, and that the Government will create favourable conditions for them to enhance fruitful cooperation.

Deputy Prime Minister Ho Duc Phoc (R) and Independent Non-executive Chairman of AIA Mark Tucker at their meeting in Hanoi on December 12. (Photo: VNA)

AIA Group envisions long-term investment, cooperation in Vietnam

Over 25 years of operation in Vietnam, AIA has achieved positive results. Its premium revenue ranks among the top five life insurers, reaching nearly 14.83 trillion VND (563.71 million USD) in 2024 and an estimated 15.73 trillion VND in 2025, equivalent to around 10% of the market share.

A view of the 2025 Japan business roundtable in HCM City on December 12. (Photo: VNA)

Ho Chi Minh City courts Japanese investment with growth blueprint

Ha underscored the pivotal contributions of Japanese firms, which have long supported local socio-economic progress through major infrastructure projects, industrial zones and workforce training courses. To date, Japanese companies have invested more than 15 billion USD in over 2,200 projects, reflecting sustained confidence and commitment to the market.

Deputy Prime Minister Bui Thanh Son receives Kounlaphanh Vongnathy, Vice President of Phongsupthavy Group, in Hanoi on December 12, 2025. (Photo: VNA)

Lao group urged to deepen energy ties with Vietnam

Deputy Prime Minister Bui Thanh Son has commended Phongsupthavy Group as one of Laos’ leading investors supplying electricity to Vietnam, noting its pledge to ramp up power exports and actively contribute to the implementation of energy cooperation agreements endorsed by senior leaders of the two Parties and States.

An Giang OCOP product booth at the fair (Photo: VNA)

Vietnam–Cambodia OCOP fair expected to boost cross-border trade

The fair offers an opportunity for Vietnamese and Cambodian enterprises to meet and promote their brands and speciality products to both domestic and international visitors, he added, noting that it also serves as a platform for trade connections, helping businesses seek partners, expand distribution networks and access the promising border market.

Vietnamese Ambassador to Argentina and Paraguay Ngo Minh Nguyet (third from left), Paraguayan Minister of the Secretariat of Linguistic Policies Javier Viveros (second from left), and Vietnam's Honorary Consul in Paraguay María Del Carmen Pérez (C) pose for a photo with delegates. (Photo: VNA)

Ample room remains for Vietnam-Paraguay economic ties: Ambassador

Addressing a ceremony marking the 30th anniversary of the establishment of the bilateral diplomatic ties on December 11, Vietnamese Ambassador to Argentina and Paraguay Ngo Minh Nguyet affirmed that Vietnam, one of the fastest-growing economies in Asia, can become a strategic partner to help Paraguay expand its presence in the regional market.