Reference exchange rate goes down for third consecutive day
The State Bank of Vietnam continued to adjust the daily reference exchange rate down for the third straight day, setting the rate at 22,673 VND/USD on August 29, 5 VND lower than the rate on the previous day.
The daily reference exchange rate is set at 22,673 VND/USD on August 29 (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam continued to adjust thedaily reference exchange rate down for the third straight day, setting the rateat 22,673 VND/USD on August 29, 5 VND lower than the rate on the previous day.
With the current trading band of +/- 3 percent, the ceiling rate applied tocommercial banks during the day is 23,353 VND/USD and the floor rate 21,993VND/USD.
The opening hour rates at commercial banks were stable with some major banks maintainingthe same rates as on the previous day.
Vietcombank is listing the buying rate at 23,255 VND/USD and the selling rateat 23,335 VND/USD.
BIDV Techcombank is keeping its rates at 23,255 VND/USD (buying) and 23,335VND/USD (selling).
At Techcombank, the greenback is being bought at 23,235 VND/USD and sold at23,340 VND/USD.-VNA
As the exchange rate between USD and Vietnamese dong has surged in the past two months, exporters are eager for extra profits they can earn for each batch of goods.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
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Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
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Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
The daily reference exchange rate is set at 22,673 VND/USD on August 29 (Photo: VNA) 
