The daily reference exchange rate was set at 22,477 VND/USD on April 17, down 10 VND from the previous day. Illustrative image (Source: VNA)
Hanoi, (VNA) – The StateBank of Vietnam set the daily reference exchange rate at 22,477 VND/USD onApril 17, down 10 VND from the previous day.
With the current trading band of/- 3 percent, the ceiling rate applied to commercial banks during the day is23,155 VND/USD and the floor rate 21,711 VND/USD.
The opening hour rates at majorcommercial banks also reduced slightly compared to those on April 16.
Vietcombank cut both rates by 20VND, listing the buying rate at 22,735 VND/USD and the selling rate at 22,805VND.
The rates listed at BIDV were22,740 VND/USD (buying) and 22,810 VND/USD, down 10 VND from the previous day.
Vietinbank is buying thegreenback at 22,738 VND/USD and selling at 22,808 VND/USD, down 8 VND fromApril 16.-VNA
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The daily reference exchange rate was set at 22,477 VND/USD on April 17, down 10 VND from the previous day. Illustrative image (Source: VNA) 
