The State Bank of Vietnam adjusted the daily reference exchange rate on October 29 down 1 VND from the last day of previous week (October 26), setting the rate at 22,722 VND per USD.
The daily reference exchange rate is set at 22,722 VND per USD on October 29 (Photo: VNA)
Hanoi (VNA) - TheState Bank of Vietnam adjusted the daily reference exchange rate on October 29down 1 VND from the last day of previous week (October 26), setting the rate at22,722 VND per USD.
With the current trading band of +/- 3percent, the ceiling rate applied to commercial banks during the day is 23,403VND/USD and the floor rate 22,041 VND/USD.
The opening hour rates atcommercial banks remained stable.
Both Vietcombank and BIDV continued to keep theirrates unchanged at 23,300 VND/USD (buying), and 23,390 VND/USD (selling). Therates at Vietcombank have remained unchanged throughout last week.
Techcombank also maintained the same rates ason October 26 at 23,280 VND/USD (buying) and 23,390 VND/USD (selling).
Last week (October 22 to 26), thereference exchange rate opened the week down to 22,717 VND per USD, but up onthe next two days. It was unchanged on Thursday and went up again on the lastday of the week to 22,723 VND/USD.
The rates at commercial banksstayed stable throughout the week. -VNA
The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Vietnam’s economy significantly as the move was foreseeable, according to experts.
The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.
The State Bank of Vietnam adjusted the daily reference exchange rate on October 24 up for the second consecutive day to 22,721 VND per USD, an increase of 2 VND from the previous day (October 23).
The State Bank of Vietnam adjusted the daily reference exchange rate up on October 26, setting the rate at 22,723 VND per USD, an increase of 2 VND from the previous day.
After a challenging first quarter, during which many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025.
The Party leader said Vietnam is continuing to improve its institutions, enhance the investment and business environment, and address bottlenecks to unlock resources and push ahead with economic restructuring in tandem with renewing the growth model.
Export value to Thailand reached 33 million USD in the first six months, accounting for 10% of Vietnam’s total squid and octopus export revenue and making Thailand the country’s fourth-largest single export market.
Large-scale projects invested by Korean investors in strategic sectors such as semiconductors and energy are poised to give a strong boost to foreign direct investment (FDI) inflows into Vietnam, creating momentum to attract more high-value projects from global investors.
The recent administrative merger offers a unique opportunity to establish a unified and synchronised logistics system, turning the Southeastern Key Economic Region into a high-performing hub for trade, investment, and marine economy.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, marking a 9.1% increase year-on-year, the Department of Customs reported.
Experts warned that excessive capital concentration in high-risk sectors like real estate and securities, risks of imbalances and non-performing loans could increase.
Demand for durians in the Chinese market is surging, prompting growing interest among importers in seeking supply from Vietnam. With its geographical proximity, short transport time and distinctive flavour, Vietnamese durian is highly regarded for both quality and long-term growth potential.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
With a combined market of over 370 million consumers, Vietnam and Indonesia leverage agricultural strengths: Vietnam leads in rice exports, while Indonesia dominates palm oil and coffee and is advancing toward rice self-sufficiency. Key cooperation opportunities span sustainable fisheries, hi-tech farming, agricultural science innovation, integrated value chains, and market access.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, 100% on-road funding, exclusive offers and priority services - applicable across VinFast’s entire product portfolio. Dedicated HDFC Bank representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.
Foreign direct investment (FDI) inflows into Ho Chi Minh City rebounded strongly in the first seven months of 2025, reaching nearly 6.2 billion USD, up 45.67% year-on-year after a slowdown last year.
To meet the ambitious annual target of 47–48 billion USD, the sector must now achieve monthly exports of over 4 billion USD during the remaining months of the year.
The Airbus A321NX is the first in a fleet of eight modern aircraft scheduled for delivery and operation throughout 2025, marking the beginning of Sun PhuQuoc Airways’ carefully planned investment strategy to build a modern fleet operating with safety, stability, and world-class standards.
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.