The reference VND/USD exchange rate is set at 22,438 VND/USD on the morning of December 1 (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set its reference VND/USD exchange rate at 22,438 VND/USD on the morning of December 1, up by 5 VND from the day ago.
 
With the current  +/- 3 percent VND/USD trading band, the ceiling exchange rate is 23,104 VND per USD and the floor rate is 21,767 VND per USD.

Major commercial banks kept their changes stable.

[Central bank policies expand foreign reserves]

Vietcombank offered 22,685 VND (buying) and 22,755 VND (selling), per USD, up by 5 VND from the day earlier.

BIDV and Vietinbank retained its buying rate at 22,680 VND and its selling rate at 22,750 VND, per USD, unchanged from the morning of the day ago.-VNA