The State Bank of Vietnam set the daily reference exchange rate at 25,236 VND/USD on September 8, down 12 VND from the last work day of the previous week.
The State Bank of Vietnam sets the daily reference exchange rate at 25,236 VND/USD on September 8, down 12 VND from the last work day of the previous week. (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,236 VND/USD on September 8, down 12 VND from the last work day of the previous week.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,498 VND/USD, and the floor rate 23,974 VND/USD.
At 8:25 am, the opening-hour rates at major commercial banks saw fluctuations.
Vietcombank cut both rates by 13 VND from the September 5 morning session, listing the buying rate at 26,177 VND/USD and the selling rate at 26,497 VND/USD.
🥀 Meanwhile, BIDV listed the buying rate at 26,220 VND/USD, down 13 VND, and the selling rate at 26,497 VND/USD, up 30 VND./.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,510 VND/USD, and the floor rate 23,986 VND/USD.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.
State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.
Malaysia is Vietnam’s third-largest trading partner in ASEAN and ninth globally, as well as a key investor with 731 valid projects worth about 13 billion USD. Bilateral trade reached 9.23 billion USD by July 2025, up 8% year-on-year, nearing the 18 billion USD target.
Finance Minister Nguyen Van Thang noted that free trade agreements such as the UK–Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expanded opportunities for businesses in both countries.
Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one department store and 48 supermarkets in Indonesia. The company highlighted the success of its flagship Lotte Mall West Lake Hanoi, which opened in 2023, describing it as a model for future premium complexes. Kim said the group intends to replicate this concept in other major Vietnamese cities.
In the EU, illegal, unreported and unregulated (IUU) fishing remains a major obstacle to Vietnam's efforts to have the European Commission (EC)'s “yellow card" lifted. The bloc’s dense and constantly changing regulatory framework also affects farming zones, production processes and quality standards.
The Vietnam Private Sector Forum 2025 (VPSF 2025) opened in Hanoi on September 15, packing in over 1,500 entrepreneurs, economists, and international organisations across four thematic sessions to reshape Vietnam’s private sector landscape.
The economic picture in the first eight months of 2025, whether viewed from the overall economy or from a local perspective, is very positive. Major economic centres have recorded extremely impressive growth in the period, the Ministry of Finance stated in its recent report on the socio-economic situation, sent to the Government.
Cross-border e-commerce is set to become one of the strategic pillars in Vietnam’s national master plan for e-commerce development during 2026–2030, as the country looks to build a sustainable digital export ecosystem and enhance global competitiveness for its businesses.
The State Bank of Vietnam set the daily reference exchange rate at 25,208VND/USD on September 16, down 8 VND from the previous day.
The shift of global supply chains, coupled with the impacts of the Fourth Industrial Revolution, is opening up both opportunities and challenges for the Vietnamese economy.
According to preliminary statistics from Vietnam's Customs Department, as of August 15 this year the country's shrimp exports to China (including Hong Kong) surged by up to 76% over the same period last year, reaching nearly 767 million USD and accounting for nearly 29% of the country's total shrimp export turnover.
Exquisite craftwork, diverse dishes, and vibrant music have captured the attention of international visitors at the National Entrepreneurs Day (HUN) 2025 held in Kuala Lumpur from September 12-16.
The 13th Mekong–Republic of Korea (RoK) Business Forum provided a platform to seek solutions for strengthening collaboration, overcoming economic challenges, and expanding opportunities for sustainable development in a volatile global environment.
The ratification of the agreement not only reaffirms its steadfast commitment to a rules-based, fair, and sustainable international trading order but also brings tangible domestic benefits.
