Reference exchange rate goes up by 4 VND
The State Bank of Vietnam set its reference VND/USD exchange rate at 22,466 VND/USD on the morning of November 14, up by 4 VND from the day ago.
The reference VND/USD exchange rate is set at 22,466 VND/USD on the morning of November 14 (Photo: VNA)Hanoi (VNA) – The State Bank of Vietnam set its reference VND/USD exchange rate at 22,466 VND/USD on the morning of November 14, up by 4 VND from the day ago.
With the current +/- 3 percent VND/USD trading band, the ceiling exchange rate is 23,132 VND per USD and the floor rate is 21,794 VND per USD.
Major commercial banks kept their rates quite stable.
Vietcombank set 22,675 VND (buying) and 22,745 VND (selling), per USD, unchanged from the day ago.
Vietinbank and BIDV retained their buying rate at 22,680 VND and their selling rate at 22,750 VND, per USD.-VNA
You should also see
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
See more
Business
Vietnamese furniture products introduced at Milan Design Week
Ambassador to Italy Duong Hai Hung has congratulated Vietnamese enterprises - the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Handicraft and Wood Industry Association of HCM City (HAWA) - for their initial success in showcasing Vietnamese products in Milan Design Week in Italy - a design & brand arena of furniture businesses around the world.
Business
Measures sought to boost Vietnam - Russia digital economic cooperation
The Vietnamese Embassy in Russia organised a seminar on April 19 on prospects for Vietnam-Russia digital economic cooperation, attracting over 100 delegates representing ministries, sectors, research institutes, and business associations of the two countries.
Business
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Business
Cooling equipment market heats up
Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
