Reference exchange rate up 14 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,684 VND/USD on May 24, up 14 VND from the previous day.
Illustrative image (Source: VNA)With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 24,867 VND/USD and the floor rate 22,500 VND/USD.
The opening hour rates at commercial banks increased.
At 9:00 am, Vietcombank listed the buying rate at 23,270 VND/USD and the selling rate at 23,640 VND/USD, both up 25 VND from the end of May 23.
Meanwhile, BIDV raised the buying rate by 40 VND to 23,330 VND/USD and the selling rate by 35 VND to 23,630 VND/USD./.
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Business
Long An hosts meeting to help RoK businesses solve difficulties
The People’s Committee of the southern province of Long An on April 16 held a dialogue with enterprises from the Republic of Korea (RoK) to help them deal with difficulties and obstacles when doing business in the locality.
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
