The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,149 VND per USD on October 29, down 3 VND from the previous day (October 28).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,149 VND per USD on October 29.(Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the dailyreference exchange rate at 23,149 VND per USD on October 29, down 3 VND fromthe previous day (October 28).
With thecurrent trading band of +/- 3 percent, the ceiling rate applied to commercialbanks during the day is 23,844 VND per USD and the floor rate at 22,454VND/USD.
The openinghour rates at some commercial banks stayed stable.
At 8:20 am,Vietcombank listed the buying rate at 23,110 VND/USD, and the selling rate at23,260 VND/USD, down 5 VND from the same time on October 28.
Meanwhile, BIDVkept both rates unchanged, with the buying rate listed at 23,140 VND/USD andthe selling rate at 23,260 VND/USD.
Techcombank offered thebuying rate at 23,131 VND/USD and the selling rate at 23,271 VND/USD, unchangedfrom the previous day./.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 23, up 6 VND from the previous day (October 22) and reversing the downward trend from the beginning of the week.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,155 VND per USD on October 24, up 1 VND from the previous day (October 23).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,155 VND per USD on October 25, unchanged from the previous day (October 24).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,152 VND per USD on October 28, down 3 VND from the last working day of previous week (October 25).
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Experts say that after over a decade of implementation, the credit growth quota policy is currently inappropriate and is criticised for creating an “ask and give mechanism”, hindering people and businesses from accessing bank loans.
The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,149 VND per USD on October 29.(Photo: VNA) 
