An official from the State bank of Vietnam (SBV) told local media on August 21 that there will be no adjustment of the foreign exchange (forex) rate at present.

He said that forex market shows good liquidity and the demand for dollars has been met.

Earlier, the SBV said on its website that the forex market is becoming stable while the exchange rates at commercial banks and on the free market tend to decrease.

It said it will continue closely monitoring the forex market so that it could also take measures to stabilise the market if necessary. Two months ago, the central bank devaluated the Vietnamese dong by 1 percent.

On August 21, some commercial banks raised dollar prices, offering from 21,060-21,075 VND for buying and 21,120-21,140 VND for selling.-VNA