Reference exchange rate, banks’ rate gain speed on week’s first day

Both reference exchange rate, banks’ rate gain speed on week’s first day

The State Bank of Vietnam continued to raise the daily reference exchange rate on December 17, the first day of the week, to 22,783 VND/USD, 5 VND higher than the rate on the last day of previous week (December 14).
Both reference exchange rate, banks’ rate gain speed on week’s first day ảnh 1The daily reference exchange rate was raised to 22,783 VND/USD on December 17 (Photo: VNA)

Hanoi (VNA) – The StateBank of Vietnam continued to raise the daily reference exchange rate onDecember 17, the first day of the week, to 22,783 VND/USD, 5 VND higher thanthe rate on the last day of previous week (December 14).

With the current trading band of  +/- 3percent, the ceiling rate applied to commercial banks for the day is 23,465VND/USD and the floor rate is 22,101 VND/USD.

The transaction office of theState Bank of Vietnam kept the buying rate unchanged from December 14 at 22,700VND/USD but added 5 VND to the selling rate to 23,411 VND/USD.

The opening hour rates listed atcommercial banks went up compared to December 14.

Vietcombank increased both rates by 20 VND,listing the buying rate at 23,255 VND/USD and the selling rate at 23,345 VND.

Both rates at Techcombank went upby 15 VND to 23,235 VND/USD (buying) and 23,345 VND/USD (selling).

Meanwhile, the rates listed byBIDV stayed unchanged at 23,240 VND/USD (buying) and 23,330 VND/USD (selling).

Last week (December 10-14), thereference exchange rate followed a rising trend except for Thursday. The rategained a total 12 VND during the week.

On the contrary, the rates listed atcommercial banks have decreased throughout the week. -VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.