State bank keeps reference exchange rate stable
The State Bank of Vietnam set the reference VND/USD exchange rate at 22,161 VND per USD on January 16, unchanged from the end of last week.
Illustrative image (Source: tygiavang.vn)With the current /- 3 percent VND/USD trading band, the ceiling exchange rate is 22,826 VND per USD and the floor rate is 21,496 VND per USD.
In the opening hour, BIDV and Vietinbank listed the buying rate at 22,530 VND per USD, and the selling rate at 22,600 VND per USD, unchanged from the end of last week.
In Eximbank, the buying rate was 22,510 VND per USD and the selling rate was 22,610 VND per USD, unchanged from the end of last week.
Meanwhile, Vietcombank bought one USD for 22,535 VND, and sold one USD for 22,605 VND, up 5 VND from the end of last week.-VNA
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
