Reference exchange rate goes up on March 2
The State Bank of Vietnam set the daily reference exchange rate at 23,151 VND per USD on March 2, up 6 VND from the previous day.
The daily reference exchange rate was set at 23,151 VND per USD on March 2 (Photo: VNA)With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks on the day is 23,845 VND/USD and the floor rate 22,456 VND/USD.
The rates listed at commercial banks saw an increase.
At 8:25 am, Vietcombank listed the buying rate at 22,910 VND/USD, and the selling rate 23,120 VND/USD, up 10 VND from March 1.
BIDV added 5 VND to both rates, listing the buying rate at 22,925 VND/USD and the selling rate at 23,125 VND/USD.
The rates at Vietinbank were also adjusted up by 15 VND at 22,888 VND/USD (buying) and 23,128 VND/USD (selling)./.
You should also see
SBV Governor explains high lending rates, credit room management
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.
See more
Videos
Stunning wind farm in Bac Lieu province
Tourists used to visit Bac Lieu province mainly because of tales about affluent landlords with children whose lavish lifestyles gave rise to many anecdotes about “princes”. Visitors to the southern land now have other reasons, like experiencing breathtaking wind turbines rising up from the East Sea.
Business
Binh Duong provincial exports bounce back in May
The southern province of Binh Duong exported 3 billion USD worth of commodities in May, up 17.1% month-on-month.
Business
Export of Vietnamese fruits, vegetables sweeter by the day
The export of Vietnamese fruits and vegetables is expected to continue to soar, considering a growth of 39% since early this year and strong increases in China's purchases.
Business
Vietravel Airlines to add more flights in anticipation of peak summer travel
Vietravel Airlines welcomed its fourth aircraft on June 1, which will be put into service to meet increasing travel demand in the summer of 2023.
Business
Cement industry suffers financial losses during Q1
Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.
