Illustrative image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam continued to increase the reference exchange rate on May 3, setting the rate at 22,557 VND/USD, up 9 VND from the previous day.

 With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,250 VND/USD and the floor rate 21,806 VND/USD.

The opening hour rates at major commercial banks saw light fluctuations compared to May 2.

 Vietcombank cut both rates by 10 VND, listing the buying rate at 22,725 VND/USD (buying) and 22,795 VND/USD (selling).

 BIDV maintained the same rates as on May 2, with the buying rate standing at 22,730 VND/USD and the selling rate at 22,800 VND/USD.

 The rates at Vietinbank went down by 1 VND, with the greenback being bought at 22,725 VND/USD and sold at 22,795 VND/USD.-VNA