Illustrative image (Source: VNA)

Hanoi (VNA)
– The State Bank of Vietnam set the reference exchange rate at 22,548 VND/USD on May 2, up 9 VND from the rate on the last day before the four-day holiday from April 28 to May 1.

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,241 VND/USD and the floor rate 21,797 VND/USD.  

The opening hour rates at major commercial banks saw light fluctuations compared to April 27.  

Vietcombank raised both rates by 5 VND, listing the buying rate at 22,735 VND/USD (buying) and 22,805 VND/USD (selling).

Meanwhile, the rates at BIDV were down 5 VND, standing at 22,730 VND/USD (buying) and 22,800 VND/USD (selling).

Vietinbank cut both rates by 6 VND, listing the buying rate at 22,726 VND/USD and the selling rate at 22,796 VND/USD. -VNA