Việt Nam News

The central bank's daily reference exchange rate on Thursday is listed at VNĐ23,056 per dollar, down VNĐ8 against the previous day. — VNA/VNS Photo

HÀ NỘI — After appreciating the US dollar against the Vietnamese đồng on the first days of this week, the State Bank of Việt Nam on Thursday unexpectedly adjusted the greenback down .

The SBV on Thursday announced a daily reference exchange rate of VNĐ23,056 per dollar, down VNĐ8 against the previous day.

With the current trading band of +/- 3 per cent, commercial banks can list their ceiling rate at VNĐ23,747 per dollar and the floor rate at VNĐ22,365 per dollar.

The opening hour rates at commercial banks stayed stable. Both Vietcombank and BIDV listed the buying rate at VNĐ23,250 per dollar and the selling rate at VNĐ23,370, unchanged from Wednesday.

Techcombank also kept rates unchanged at VNĐ23,230 for buying and VNĐ23,370 for selling.

The daily reference exchange rate topped VNĐ23,000 per dollar on April 23 and has continued to set new highs since then. Analysts at the Bảo Việt Securities Company (BVSC) attributed the strong rise in the reference exchange rate to escalating trade tension between the US and China.

According to the analysts, the trade tension has impacted the exchange rates of many currencies, including the đồng. They said the SBV has the option of selling US dollars to keep the exchange rate stable. — VNS

Market downturn restrained on growing bargain demand

Economy

Long An holds dialogue to remove difficulties for Korean investors

Economy

Government urged to probe gold traders to prevent possible market manipulation

Economy

Garment & textile sector tries to keep growth momentum

Economy

International exhibition on fertilisers, pesticides, agrochemicals opens in HCM City

Economy

Trà Vinh exports organic coconut flower nectar to Australia

More on this story

Economy

Central province to host TechFest

According to the Ministry of Science and Technology, there are currently more than 3,000 start-ups in Viet Nam

Economy

Shareholders should use their power to deal with rumours: officials

Shareholders were unaware of the power they held when dealing with a lack of transparency in listed companies, according to Nguyễn Thế Thọ, director of the Securities Market Surveillance Department under the State Securities Commission.

Economy

VN needs to improve economic resilience: experts

It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hà Nội on Wednesday.

Economy

Industry 4.0 could boost Việt Nam’s GDP by up to 16 per cent

The Fourth Industrial Revolution could increase Việt Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM).

Economy

Humans and technology key to Việt Nam’s new-stage development

New technology and skilled human resources were the decisive factors to drive Việt Nam’s long-term growth, especially in the face of Industry 4.0-induced changes.

Economy

VN-Index rises for third straight day

The VN-Index rose for the third straight session on Wednesday as liquidity improved significantly amid rebounding investor confidence of a global market recovery.

Economy

Hà Nam grants licences for two projects

Hà Nam Province People’s Committee on Wednesday granted investment licences for two projects, worth a total of US$52 million.

Economy

An Giang to export mangoes to US in June

The Mekong Delta province of An Giang planned to export about 5-10 tonnes of mangoes to the US in June, according to deputy director of the provincial Department of Agriculture and Rural Development, Lữ Cẩm Khường.

Economy

Japan among top 10 importers of Việt Nam’s tra fish for first time

Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Việt Nam.