Business

Reference exchange rate starts week with a hike

The State Bank of Vietnam set the daily reference exchange rate at 22,558 VND/USD on May 7, up 6 VND from the last working day of last week (May 4).
Reference exchange rate starts week with a hike ảnh 1The State Bank of Vietnam set the daily reference exchange rate at 22,558 VND/USD on May 7 (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate at 22,558 VND/USD on May 7, up 6 VND from the last working day oflast week (May 4).

With the current trading band of  +/-3 percent, the ceiling rate appliedto commercial banks during the day is 23,251 VND/USD and the floor rate 21,807VND/USD.

The opening hour rates at major commercial banks stayed unchanged from May 4.

The greenback is being bought at 22,735 VND/USD and sold at 22,805VND/USD at Vietcombank, BIDV and Vietinbank.

Last week, the reference exchange rate was adjusted up for twoconsecutive days following the four-day holiday from April 28 to May 1. It wasrevised down on the last day of the week.

The rates listed at commercial banks saw only slight fluctuations duringthe week. -VNA
VNA
#State Bank of Vietnam #daily reference exchange rate #ceiling exchange rate #floor exchange rate #major commercial banks #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Reference exchange rate up after holiday

Reference exchange rate up after holiday

The State Bank of Vietnam set the reference exchange rate at 22,548 VND/USD on May 2, up 9 VND from the rate on the last day before the four-day holiday from April 28 to May 1.
Reference exchange rate up 9 VND

Reference exchange rate up 9 VND

The State Bank of Vietnam continued to increase the reference exchange rate on May 3, setting the rate at 22,557 VND/USD, up 9 VND from the previous day.

See more

At the opening ceremony of HortEx Vietnam 2025 (Photo: VNA)

HCM City HortEx showcases agricultural technologies, smart farming

HortEx Vietnam 2025 also serves as a gathering place for businesses, cooperatives, and agricultural producers from more than 16 provinces and cities across Vietnam, providing an excellent opportunity for local enterprises to exchange knowledge, learn from international experience, access new technologies, and expand their markets.

Hyundai Accent remains the best-selling model, with 455 units delivered to customers in February. (Photo: VNA)

Hyundai auto sales remain stable in February

In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12. (Photo: VNA)

PM requests stronger efforts to ensure comprehensive, equitable financial access

PM Pham Minh Chinh, who is also head of the steering committee, highlighted the significance of the strategy for the country's socio-economic development, saying that it enables individuals and businesses to access essential financial resources and services for development, improving living standards of the people, and promoting savings and investment.

Manufacturing toys for export at Bilion Max Vietnam Export Processing Co. Ltd. in Hue city. (Photo: VNA)

Vietnam’s economy poised to grow 6.8% this year: WB

“Vietnam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties”, said Mariam J. Sherman, World Bank Director for Vietnam, Cambodia and Laos at a press conference.

A shopping mall in HCM City. The retail property market in HCM City is expected to see further growth this year. (Photo: gkg.com.vn)

HCM City retail property market expected to heat up

In 2025, the commercial real estate market, especially in HCM City, is forecast to undergo significant positive changes, with an improved supply. It can be said that this segment will "transform" to recover for a new growth cycle.

Illustrative image (Photo: VNA)

Measures needed to boost business optimism: VCCI

According to the Ministry of Planning and Investment, there are currently 940,000 active enterprises, falling short of the target of one million by 2020 and 1.5 million by the end of the year.

Site clearance has been completed for the Metro Line No.2 project. (Photo: sggp.org.vn)

HCM City to use municipal budget for Metro Line No. 2 project

The Metro Line No. 2 project has an estimated investment of nearly 47.9 trillion VND (2 billion USD) and has nearly completed land clearance, at 99.8%. The NA’s Resolution 188 authorises HCM City to develop seven metro lines spanning 355 kilometres over the next decade, with preliminary total investment for the 2025-2035 phase estimated at 40.2 billion USD.