Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,645 VND/USD on October 6, up 2 VND from the previous day.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,927 VND/USD, and the floor rate 24,363 VND/USD.
The opening-hour buying and selling rates at major commercial banks increased compared the October 5 trading session.
At 8:25 am, both Vietcombank and BIDV listed the buying rate at 25,810 VND/USD and the selling rate at 26,190 VND/USD, up 20 VND from the previous session./.
Vietnam seeks to boost value, expand markets for coffee sector
Acording to VICOFA, Vietnam needs to focus on exporting green coffee beans that meet EUDR criteria, particularly as compliance levels among some other producing countries remain low. At the same time, it should develop specialty and organic coffee lines as well as deeply processed products to serve the premium segment in Europe.