The daily reference VND/USD exchange rate is set at 22,411 VND on January 4 (Photo: VNA)
Hanoi (VNA) – The StateBank of Vietnam set the daily reference VND/USD exchange rate at 22,411 VND onJanuary 4, up 6 VND from the previous day.
With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is23,074 VND/USD and the floor rate 21,738 VND/USD.
The opening hour rates at majorcommercial banks stayed stable.
Vietcombank and Vietinbankmaintained their listed rates unchanged from January 3.
The rates are listed at 22,675VND/USD (buying), and 22,745 VND/USD (selling) at Vietcombank, and 22,675VND/USD (buying) and 22,744 VND/USD (selling) at Vietinbank.
Meanwhile, the greenback isbeing bought at 22,680 VND and sold at 22,750 VND per USD at BIDV, both up 5 VNDfrom yesterday.-VNA
Adoption of appropriate policies by the State Bank of Vietnam (SBV) has helped it buy a large amount of US dollar to increase the nation’s foreign reserves, industry insiders said.
Record-high foreign reserves will enable Vietnam’s central bank to keep the dong, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.
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The daily reference VND/USD exchange rate set by the State Bank of Vietnam went down 10 VND after the three-day New Year holiday to 22,415 VND/USD on January 2.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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The daily reference VND/USD exchange rate is set at 22,411 VND on January 4 (Photo: VNA) 
