The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,135 VND per USD on November 19, down 5 VND from the previous day (November 18).
The daily reference exchange rate was set at 23,135 VND per USD on November 19 (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the dailyreference exchange rate at 23,135 VND per USD on November 19, down 5 VND fromthe previous day (November 18).
With thecurrent trading band of +/- 3 percent, the ceiling rate applied to commercialbanks during the day is 23,829 VND per USD and the floor rate at 22,440VND/USD.
The openinghour rates at some commercial banks slightly increased.
At 8:15 am,Vietcombank listed the buying rate at 23,115 VND/USD and the selling rate at23,265 VND/USD, up 5 VND from the same time on November 18.
BIDV added 5VND to both rates, with the buying rate listed at 23,145 VND/USD and theselling rate at 23,265 VND/USD.
Meanwhile,Techcombank revised up both rates by 1 VND, listing the buying rate at 23,135VND/USD and 23,275 VND/USD./.
The State Bank of Vietnam (SBV)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,145 VND per USD on November 14, up 6 VND from the previous day (November 13).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,144 VND per USD on November 15, down 1 VND from the previous day (November 14).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,140 VND per USD on November 18, down 4 VND from the last working day of previous week (November 15).
In its article published on August 13, AP wrote “Vietnam aims to get rich by 2045 and become Asia’s next “tiger economy” - a term used to describe the earlier ascent of countries and territories like the Republic of Korea (RoK) and Taiwan (China).
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With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,509 VND/USD and the floor rate 23,985 VND/USD.
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The daily reference exchange rate was set at 23,135 VND per USD on November 19 (Photo: VNA) 
