The daily reference exchange rate is set at 23,144 VND per USD on February 4 (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam set the daily referenceexchange rate at 23,144 VND per USD on February 4, down 1 VND from the previousday.
With thecurrent trading band of +/-3 percent, the ceiling rate applied to commercialbanks during the day is 23,838 VND/USD and the floor rate, 22,450 VND/USD.
The openinghour rates at some commercial banks saw a slight decrease.
At 8:25 am,Vietcombank listed the buying rate at 22,900 VND/USD and the selling rate at23,110 VND/USD, both unchanged from February 3.
BIDV cut bothrates by 15 VND, listing the rates at 22,910 VND/USD (buying) and 23,110VND/USD (selling).
AtVietinbank, both rates were adjusted down by 10, offering 22,868 VND/USD(buying) and 23,115 VND/USD (selling)./.
The US Treasury Department’s labelling of Vietnam as a currency manipulator is biased, as it is only based on US standards and lacks suitable consideration as well as recommendations from international organisations, according to experts.
The State Bank of Vietnam set the daily reference exchange rate at 23,151 VND per USD on February 1, down 9 VND from the last working of previous week (January 29).
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
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The daily reference exchange rate is set at 23,144 VND per USD on February 4 (Photo: VNA) 
