Hanoi (VNA) - TheState Bank of Vietnam kept the daily reference exchange rate on October 25 unchangedfrom the previous day at 22,721 VND per USD.
With the current trading band of +/- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,402 VND/USD and the floor rate 22,040VND/USD.
The opening hour rates atcommercial banks stayed stable.
Both Vietcombank and BIDV kept their ratesunchanged from October 24, listing the buying rate at 23,300 VND/USD, and theselling rate at 23,390 VND/USD. The rates at Vietcombank have remainedunchanged since the beginning of the week.
Techcombank also maintained the same rates ason October 24 at 23,280 VND/USD (buying) and 23,390 VND/USD (selling).
This week the reference exchangerate was adjusted down on Monday but up on Tuesday and Wednesday, and unchangedon Thursday. The rates at commercial banks stayed stable. -VNA
The State Bank of Vietnam continued to adjust the daily reference exchange rate up on October 19, setting the rate at 22,719 VND per USD, an increase of 2 VND from the previous day.
The State Bank of Vietnam set the daily reference exchange rate on October 22 at 22,717 VND per USD, down 2 VND from the last working day of previous week (October 19).
The State Bank of Vietnam adjusted the daily reference exchange rate on October 24 up for the second consecutive day to 22,721 VND per USD, an increase of 2 VND from the previous day (October 23).
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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.
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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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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.
Illustrative photo (Source: VNA) 
