The State Bank of Vietnam on October 16 adjusted the daily reference exchange rate down by another 2 VND from the previous day to 22,717 VND per USD (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam on October 16 adjusted thedaily reference exchange rate down by another 2 VND from the previous day to 22,717VND per USD.
With the current trading band of +/- 3 percent, the ceiling rate applied tocommercial banks during the day is 23,398 VND/USD and the floor rate 22,036VND/USD.
The opening hour rates at commercial banks saw slight changes compared toOctober 15.
Vietcombank reduced both rates by 10 VND, listing the buying rate at 23,295VND/USD and the selling rate at 23,275 VND/USD.
BIDV listed its buying rate at 23,295 and selling rate 23,375 VND, both down 5VND from the previous day.
At Techcombank, the greenback is being bought at 23,275 VND and sold at 23,380 VNDper USD, both down 5 VND.-VNA
The State Bank of Vietnam adjusted the daily reference exchange rate down for the second consecutive day on October 11, setting the rate at 22,719 VND/USD, down 2 VND from the previous day (October 10).
The State Bank of Vietnam adjusted the daily reference exchange rate up on October 12, setting the rate at 22,721 VND/USD, an increase of 2 VND from the previous day (October 11).
The State Bank of Vietnam adjusted the daily reference exchange rate down on October 15, setting the rate at 22,719 VND/USD, an decrease of 2 VND from the last working day of previous week (October 12).
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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.
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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.
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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.
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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 State Bank of Vietnam on October 16 adjusted the daily reference exchange rate down by another 2 VND from the previous day to 22,717 VND per USD (Photo: VNA) 
