Business

Reference exchange rate unchanged at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,135 VND per USD on May 31, unchanged from the last working day of previous week (May 28).
Reference exchange rate unchanged at week’s beginning ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnamset the daily reference exchange rate at 23,135 VND per USD on May 31, unchangedfrom the last working day of previous week (May 28).

With the current trading band of  +/- 3 percent,the ceiling rate applied to commercial bank during the day is 23,830 VND/USDand the floor rate 22,430 VND/USD.

The rates listed at commercial banks saw slightfluctuations.

At 8:20 am, Vietcombank listed the buying rateat 22,915 VND/USD and the selling rate at 23,145 VND/USD, both up 5 VND fromMay 28.

BIDV kept both rates unchanged at 22,945 (buying)and 23,145 VND/USD (selling).

Vietinbank also maintained the same rates as on May 28 at 22,925VND/USD (buying) and 23,145 VND/USD (selling).

During the week from May 24 to 28, the dailyreference exchange rate followed a downward trend and ended the week losing 25VND per USD./.
VNA
#State Bank of Vietnam #reference exchange rate #ceiling rate #Vietnamplus #Vietnam news #Vietnam News Agency #buying rate
Follow VietnamPlus

Related News

See more

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.

A view of the Van Phong economic zone in Khanh Hoa province. (Photo: VNA)

Huge room for Khanh Hoa to expand cooperation with Chinese firms: official

With its strategic importance in the central key economic region, well-developed and interconnected infrastructure, coupled with ample potential for tourism development, Khanh Hoa province is an ideal location for Chinese businesses to seek opportunities for cooperation and investment, Vice Minister of Foreign Affairs Pham Thanh Binh has said.

Products showcased at the Investment & Trade Promotion Centre of Ho Chi Minh City. (Photo: nhandan.vn)

Businesses must embrace new trends to boost exports to US: experts

Trade cooperation between Vietnam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

Vietnamese Ambassador to the UK Do Minh Hung (centre), embassy staff and VBUK members (Photo: VNA)

Vietnamese Business Association in UK sets 2025 agenda

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.

Durians being prepared for export. (Photo: phunuonline.com.vn)

Vietnam tightens fruit inspections after warning from China

The Plant Protection Department under the Ministry of Agriculture and Rural Development has requested that local authorities and relevant agencies enhance inspections and monitoring of cultivation areas and export packing facilities for fresh fruit, including durians and jackfruit.