Reference exchange rate up 19 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,753 VND/USD on July 24, down 19 VND from the last working day of previous week (July 21).

Monday, July 24, 2023 08:48

Reference exchange rate up 19 VND at week’s beginning ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) - The State Bank of Vietnam set thedaily reference exchange rate at 23,753 VND/USD on July 24, down 19 VND fromthe last working day of previous week (July 21).

With the current trading band of +/- 5%, theceiling rate applicable for commercial banks during the day is 24,941 VND/USDand the floor rate 22,565 VND/USD.

At commercial banks, the opening-hour rates fluctuatedvariably.

At 8:30am, Vietcombank listed the rates at 23,455VND/USD (buying) and 23,825 VND/USD (selling), both down 5 VND from the end ofJuly 21.

Meanwhile, BIDV raised both rates by 5 VND,listing the buying rate at 23,515 VND/USD and the selling rate at 23,815VND/USD.

During the week from July 17-21, the daily reference exchangerage was adjusted down on Monday and Wednesday, and up on the other days./.

VNA

#State Bank of Vietnam #reference exchange rate #VND/USD exchange rate #Vietcombank #BIDV #Vietnam #Vietnam news #Vietnam News Agency

See more

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

19/01/2025 16:39

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.

VinFast's green bus fleet is ready to supply to three transport companies. (Photo: VNA)

VinFast launches new e-bus model

19/01/2025 15:02

VinFast, a leading Vietnamese electric vehicle manufacturer, on January 17 launched a new electric bus model with the capacity to carry up to 60 passengers.

In 2024, essential goods, such as food, clothing, household items, and educational supplies, accounted for 77% of total retail sales and service revenues, up from 75.3% in 2019 – the year before the COVID-19 pandemic. (Illustrative photo: VNA)

Increasing domestic consumption needed to spur economic growth

19/01/2025 13:57

Domestic consumption has rebounded positively, contributing to the 7.09% economic growth recorded last year. However, consumers continue to adopt a cautious approach to spending amid ongoing socio-economic challenges.

A corner of an IZ in Binh Duong (Photo: VNA)

Macroeconomic stability, infrastructure – key catalysts for real estate growth

19/01/2025 11:57

Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam's real estate market to new heights in 2025, according to industry experts.

Delegates cut ribbons to inaugurate a Lithium-Ion and Ni-MH battery production facility in Nam Dinh Vu Industrial Park, the northern port city of Hai Phong. (Photo: VNA)

Hai Phong inaugurates Lithium-Ion, Ni-MH battery plant

19/01/2025 02:45

Exquisite Power Vietnam Co., Ltd. has inaugurated its Lithium-Ion and Ni-MH battery production facility in Nam Dinh Vu Industrial Park, the northern port city of Hai Phong.

Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025. (Illustrative photo: VNA)

Vietnam’s GDP growth could reach 8% in 2025 amid challenges: BIDV experts

18/01/2025 12:30

Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Investment and Development of Vietnam (BIDV).

☕ Afternoon briefing on January 17

17/01/2025 17:00

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

A regional financial centre will be set up in Da Nang city. (Photo: VNA)

Vietnam to become competitive player in global financial market: Minister

17/01/2025 16:03

Vietnam, an emerging financial centre, is seizing a “golden opportunity” to become a competitive player in the international financial arena with progressive legal frameworks and standout initiatives, according to Minister of Planning and Investment Nguyen Chi Dung.

At the second economic consultation meeting held in Warsaw (Photo: Ministry of Industry and Trade)

Vietnam, Poland discuss major measures to beef up economic ties

17/01/2025 14:35

Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.

Textile and garment production for export (Photo: VNA)

Swiss broadcaster spotlights Vietnam's economic achievements

17/01/2025 14:34

Swiss broadcaster SRF has highlighted Vietnam's remarkable economic achievements, saying the country is emerging as one of the world’s fastest-growing economies.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the workshop. (Photo: VNA)

Deputy PM outlines five key tasks to form international financial centres

17/01/2025 11:19

Permanent Deputy Prime Minister Nguyen Hoa Binh has demanded ministries, sectors, and localities to concentrate on five key tasks to make it easier for developing international financial centres in Vietnam.

Deputy Prime Minister Tran Hong Ha addresses the event (Photo: VNA)

Hai Phong Southern Coastal Economic Zone established

17/01/2025 10:53

The Southern Coastal Economic Zone of Hai Phong has officially come into being, expected to broaden the development space and growth momentum for the northern port city.

Vietnam secures a place among the world's top 15 developing nations in terms of FDI attraction. (Photo: thoibaotaichinhvietnam.vn)

Vietnam – rising star for foreign investment in Southeast Asia

17/01/2025 10:29

Vietnam has cemented its position as an attractive destination for foreign businesses looking to expand their operations in Southeast Asia, driven by robust growth and expanding infrastructure.

Passengers at Tan Son Nhat International Airport (Photo: VNA)

Tan Son Nhat airport anticipates record passenger traffic during Tet

17/01/2025 10:08

Tan Son Nhat International Airport in Ho Chi Minh City is gearing up for an unprecedented surge in both flights and passengers during the 2025 Lunar New Year (Tet) holiday.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17 (Photo: VNA)

Reference exchange rate up on January 17

17/01/2025 09:10

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17, up 8 VND from the previous day.

People shop at a Go! supermarket (Photo: VNA)

Ministry moves to boost domestic consumption during Tet holiday

17/01/2025 08:53

The Ministry of Industry and Trade (MoIT) has issued a directive, urging agencies to stimulate consumer demand and promote domestic goods during the Tet (Lunar New Year) holiday and the first quarter of the year.

Executive President of the China - ASEAN Business Council (CABC) Xu Ningning. (Photo: VNA)

Broader space for Vietnam - China cooperation: Chinese expert

16/01/2025 19:47

By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.