Reference exchange rate stays stable
The State Bank of Vietnam set the daily reference exchange rate at 23,130 VND per USD on February 26, unchanged from the previous day.
State Bank of Vietnam sets daily reference exchange rate at 23,130 VND per USD on February 26 (Photo: VNA)With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks on the day is 23,824 VND/USD and the floor rate 22,436 VND/USD.
The rates listed at commercial banks were adjusted down.
At 8:25 am, Vietcombank listed the buying rate at 22,900 VND/USD, and the selling rate 23,100 VND/USD, unchanged from February 25.
BIDV cut both rates by 20 VND, listing the buying rate at 22,905 VND/USD, and the selling rate at 23,105 VND/USD.
The rates at Vietinbank were reduced by 13 VND to 22,867 VND/USD (buying) and 23,107 VND/USD (selling)./.
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
