Reference exchange rate up 1 VND on February 1
The State Bank of Vietnam set the daily reference exchange rate at 23,610 VND/USD on February 1, up 1 VND from the previous day.
Illustrative image (Photo: VNA)With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 23,790 VND/USD and the floor rate 22,491 VND/USD.
The opening hour rates at commercial banks dropped.
Vietcombank listed the buying rate at 23,250 VND/USD and the selling rate 23,230 VND/USD, both down 10 VND from the end of January 31.
BIDV reduced both rates by 20 VND to 23,300 VND/USD (buying) and 23,600 VND/USD (selling)./.
You should also see
Sun World Ba Na Hills - A fairyland in Da Nang
Ba Na Hills is a clear testament to the role of the private economy in the development of tourism in Da Nang as well as the city’s economy as a whole. Sun World Ba Na Hills was honoured in 2023 at the World Travel Awards as “Asia’s Leading Theme Park”.
See more
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
Business
Banks record positive business indicators in Q1 2024
Many banks have reported positive business indicators, especially credit growth, in the first quarter of this year.
Business
Brand building for Vietnamese agricultural products needed to boost exports
Vietnam's agricultural development has gained many achievements in recent times, with seven commodities recording annual export turnover of over 3 billion USD, namely wood and wooden products, shrimp, coffee, rice, rubber, vegetables and fruits, and cashew nuts. These products are present in most of the world's major import markets such as the US, the European Union (EU) and Japan.
Business
InfographicFour commodities post Q1 export value of over 5 billion USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
