Reference exchange rate up 24 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,754 VND/USD on March 10, up 24 VND from the last work day of the previous day.

The daily reference exchange rate for the US dollar is set at 25,992 VND/USD on March 10 (Photo: VNA)
The daily reference exchange rate for the US dollar is set at 25,992 VND/USD on March 10 (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,754 VND/USD on March 10, up 24 VND from the last work day of the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,992 VND/USD and the floor rate 23,516 VND/USD.

At major commercial banks, the opening-hour rates saw increases.

At 8:35am, Vietcombank listed the buying rate at 25,330 VND/USD and the selling rate 25,690 VND/USD, both up 10 VND from March 7.

BIDV also raised both rates by 10 VND, listing the buying rate at 25,320 VND/USD and selling rate at 25,680 VND/USD./.

VNA

See more

Coffee harvested in Buon Ma Thuot city, the Central Highlands province of Dak Lak (Photo: VNA)

Vietnam’s coffee exports aim for 6 billion USD milestone

The strong growth in export value in the first two months of the year is evidence of the industry's potential, he said, underscoring the need to continue investing in processing technology, expanding markets, and responding flexibly to global fluctuations.

Prime Minister Pham Minh Chinh (R) visits a production line of an enterprise in Quang Nam last month. (Photo: VNA)

PM urges removal of 30% of unnecessary business conditions

In his March 9 official dispatch, Prime Minister Pham Minh Chinh urged ministries, agencies, and localities to focus on thoroughly reviewing, reducing, and simplifying regulations and administrative procedures related to investment, production, business activities, and citizens' daily lives.

HCM City's industrial production is making a robust recovery with its Index of Industrial Production growing by 2.1% in February. (Photo: VNA)

HCM City industry firmly on recovery path

According to the HCM City Statistics Office, the consumption index for the processing and manufacturing sector increased by 11.7% year-on-year. There are 16 processing and manufacturing industries seeing an increase in the index, while seven declined.

PM Pham Minh Chinh at the 16th meeting of the State Steering Committee for key national transport projects on March 9. (Photo: VNA)

PM pushes for 8% growth with investment acceleration

​Prime Minister Pham Minh Chinh said great efforts are needed to complete 3,000 kilometres of expressways nationwide this year. He also highlighted other targets like putting into operation such aviation projects as Long Thanh International Airport and Terminal 3 at Tan Son Nhat International Airport, as well as various seaports.

Real estate developments in Thu Duc city in HCM City (Photo: VNA)

HCM City’s real estate credit grows by 12.3%

Experts believe 2025 could be a crucial year for the city's real estate sector. After navigating the challenges brought on by the pandemic and economic downturn, a full recovery is anticipated by 2026.

Vietnamese Ambassador to Cuba Le Quang Long and Mayda Mauri Pérez, President of BioCubaFarma and representatives of the embassy and BioCubaFarma (Photo: VNA)

Vietnam, Cuba promote pharmaceutical cooperation

Vietnamese Ambassador to Cuba Le Quang Long emphasised the importance of strengthening bilateral cooperation in biotechnology and pharmaceuticals to improve public health and meet Vietnam’s medical care needs.

The Department of Vietnam Customs (DVC) reports a positive start in 2025, with State budget revenue hitting 61.3 trillion VND (2.45 billion USD) in the first two months. (Photo: VNA)

State budget revenue up 8.91% in first two months

Between December 15, 2024 and February 14, 2025, 2,440 customs law violations were detected, with the estimated value of confiscated goods amounting to 2.79 trillion VND. Authorities referred 19 cases for prosecution, contributing an additional 133.19 billion VND to the state budget.

LBBW signs a memorandum of understanding (MoU) with Vietnam’s Techcombank and Techcom Securities to further expand its services in the country (Photo: VNA)

German bank honoured for contributions to Vietnam’s development

LBBW has placed a strong emphasis on cooperation and knowledge sharing by working closely with partners in Vietnam such as banks, corporations, and non-bank financial institutions, and offering expertise and advisory services to meet the needs of the growing economy.