The State Bank of Vietnam (SBV) on February 17 announced the reference rate for the Vietnam dong against the US dollar as 21,895 VND per dollar, up 11 VND compared with the previous day.
Hanoi (VNA) - The State Bank of Vietnam (SBV) on February 17 announced the reference rate for the Vietnam dong against the US dollar as 21,895 VND per dollar, up 11 VND compared with the previous da👍y.
The rate gained 34 VND over the past three days.
With the current +/- 3 percent VND/USD trading band, the ceiling exchange rate is 22,551 VND per USD and the floor rate is 21,239 VND per USD.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the buying and selling rates at 22,375 VND and 22,445 VND per USD, up 75 VND from the day before.
The Import Commercial Joint Stock Bank (Eximbank) raised the buying and selling rates by 60 VND, posting the exchange rate at 22,290 VND and 22,380 VND, respectively per USD.
The buying and selling rates applied by the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) were also up 37 VND and 65 VND, respectively, at 22,295 VND and 22,455 VND per USD.-VNA
Commercial banks cut the exchange rate of the United States (US) dollar against the dong by 30 VND to 40 VND, bringing it to its lowest level in the past three months.
The State Bank of Vietnam (SBV) on February 5 announced the central rate for the Vietnam dong against the US dollar at 21,861 VND per USD, a drop of 15 VND compared to February 4.
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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.
Illustrative photo (Source: VNA)
