Business

Reference exchange rate going up on December 19

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,304 VND/USD on December 19, up 26 VND from the previous day.

The daily reference exchange rate for the US dollar is set at 24,304 VND/USD on December 19. (Photo: VNA)
The daily reference exchange rate for the US dollar is set at 24,304 VND/USD on December 19. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,304 VND/USD on December 19, up 26 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,519 VND/USD and the floor rate 23,089 VND/USD.

At major commercial banks, the opening hour rates saw a sharp increase.

At 8:31 am, both Vietcombank and BIDV listed the buying rate at 25,219 VND/USD and the selling rate at 25,519 VND/USD, up 28 VND from December 18./.

VNA
#State Bank of Vietnam #reference exchange #trading band #commercial banks
Follow VietnamPlus

Related News

See more

High-tech investment flows into HCM City (Photo: VNA)

High-tech investment flows into HCM City

Major domestic and international corporations are proposing high-tech projects in Ho Chi Minh City, signaling a shift toward innovation-focused investment.

Award winners at the Vietnam National Quality Awards and Asia-Pacific Awards for 2021-2023 (Photo: VNA)

Two Vietnamese businesses win Asia-Pacific Quality Awards

An awards ceremony for the Vietnam National Quality Awards and Asia-Pacific Awards for 2021-2023 was held in Hanoi on December 18, announcing 133 winners of the prestigious national awards and two others of the regional awards.

Vietnam is positioned 12th in the regional ranking. (Photo: Seasia Stats)

Vietnam among Asia’s 15 largest economies

The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.

Illustrative image (Photo: VNA)

Binh Dinh province works to attract investment from Japan

The People’s Committee of Binh Dinh province on December 18 inked a cooperation deal with the Japan - Vietnam Friendship Association of Sakai city as part of the south-central province’s efforts to attract more investment and development resources from the Northeast Asian country.

At the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR). (Photo: VNA)

Vietnamese coffee sector working to meet EU Deforestation Regulation

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

A worker extracts rubber latex at a plantation in the Central Highland province of Gia Lai. (Photo: VNA)

Rubber value soars in 2024: VRA

All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).

Le Huu Phuc, Vietnam's Trade Counsellor in Thailand (Photo: VNA)

Thailand remains Vietnam’s biggest trading partner in ASEAN

The activities conducted by the Vietnam Trade Office in Thailand in 2024 have enriched the trade and investment relations between the two countries, contributing to helping Thailand maintain its position as Vietnam's largest trading partner in the Association of Southeast Asian Nations (ASEAN), according to Le Huu Phuc, Vietnam's Trade Counsellor in Thailand.

Illustrative photo (Photo: VNA)

Vietcombank named most valuable brand in Vietnam

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

Representatives of Chinese businesses at the investment and trade forum between Ho Chi Minh City and China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA) on December 17. (Photo: VNA)

Vietnam sees growing number of Chinese investors: forum

With sustained economic growth over years, Vietnam continues to impress and attract an increasing number of Chinese investors, participants said at an investment and trade forum between Ho Chi Minh City and China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in the southern economic hub on December 17.

A view of Vinpearl Nha Trang. (Photo courtesy of the company)

Investors wait for a boost in the IPO market

A new chapter is expected to unfold in Vietnam's financial market, as companies across various sectors gear up for their initial public offerings (IPOs), signalling a notable shift in the country's investment landscape.

Deputy Prime Minister Nguyen Hoa Binh speaks at a meeting discussing the implementation of the Politburo's conclusion on building regional and international financial hubs (Photo: VNA)

Regional, int’l financial hubs to help boost national economy: Deputy PM

Developing regional and international financial hubs in Vietnam is expected to create new mechanisms and resources, and serve as a "boost" for the national economy, Deputy Prime Minister Nguyen Hoa Binh said while chairing a meeting discussing the implementation of the Politburo's conclusion on building the hubs in Hanoi on December 17.