Reference exchange rate up 11 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,177 VND/USD on August 23, up 11 VND from the last working day of previous week (August 20).
Illustrative image (Photo: VNA)With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,872 VND/USD and the floor rate 22,481 VND/USD.
The rates listed by commercial banks saw slight increases.
At 8:25am, Vietcombank listed the buying rate at 22,695 VND/USD and the selling rate at 2,925 VND/USD, both up 10 VND from August 20.
BIDV increased both rates by 5 VND to 22,725 VND/USD (buying) and 22,925 VND/USD (selling).
Vietinbank kept both rates unchanged at 22,702 VND/USD (buying) and 22,922 (selling) ./.
You should also see
PM calls on ASEAN to pen strategic development vision
The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
See more
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
