Home Finance

Reference exchange rate revised down 5 VND

Jun 2nd at 14:06
02-06-2020 14:06:37+07:00

Reference exchange rate revised down 5 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,251 VND per USD on June 2, down 5 VND from the previous day.

Reference exchange rate revised down 5 VND
Illustrative image (Source: VNA)

With the current trading band of /-3 percent, the ceiling rate applied to commercial banks during the day is 23,948 VND/USD and the floor rate 22,553 VND/USD.

The opening hour rates at commercial banks saw strong reductions.

At 8:25 am, Vietcombank listed the buying rate at 23,140 VND/USD and the selling rate at 23,350 VND/USD, both down by 20 VND.

BIDV posted the buying rate at 23,157 VND/USD and the selling rate at 23,335 VND/USD, down 33 VND and 35 VND respectively.

Techcombank revised both rates down 17 VND to 23,158 VND/USD (buying), and 23,358 VND/USD (selling).

VIR

RELATED STOCK CODE (3)

NEWS SAME CATEGORY

Vietnam gov't greenlights Mobile Money
FINANCE Jun 1st at 15:48

Vietnam gov't greenlights Mobile Money

The regulation on mobile payment will not allow users to recharge from scratch cards but they must conduct deposits and withdrawals from the registered bank account.

Cashless payments beginning to gain traction across the country
FINANCE Jun 1st at 09:05

Cashless payments beginning to gain traction across the country

Visa, the world’s leader in digital payments, recently published the Consumer Payment Attitudes 2019 study, showing a marked drop in cash usage in Vietnam as...

Vietnam records fiscal deficit of over US$330 million in Jan-May
FINANCE Jun 1st at 08:18

Vietnam records fiscal deficit of over US$330 million in Jan-May

As of May 15, budget revenue collection reached VND529.6 trillion (US$22.7 billion), equivalent to 35% of the year's estimate.

Reference exchange rate down 10 VND on May 29
FINANCE Jun 1st at 08:17

Reference exchange rate down 10 VND on May 29

The State Bank of Vietnam set the daily reference exchange rate at 23,261 VND per USD on May 29, down 10 VND from the previous day.

VPBank confident of beating 2020 profit target
FINANCE May 30th at 14:33

VPBank confident of beating 2020 profit target

The Vietnam Prosperity Joint Stock Commercial Bank expects to beat the 2020 profit forecast despite the downturn caused by the COVID-19 outbreak, CEO Nguyen Duc...

Upcoming EVFTA to fortify lenders
FINANCE May 29th at 10:19

Upcoming EVFTA to fortify lenders

European and Vietnamese banks alike could gain the upper hand down the road thanks to upcoming ratification of the historic trade deal between Vietnam and the EU.

Vietnam integrates enterprise tax declaration into National Public Service Portal
FINANCE May 29th at 08:03

Vietnam integrates enterprise tax declaration into National Public Service Portal

The General Department of Taxation on April 29 completed the upgrade of the electronic taxation application to integrate enterprise and individual tax declaration...

Vietnam parliament mulls over extending land lease exemption for farmers
FINANCE May 28th at 08:05

Vietnam parliament mulls over extending land lease exemption for farmers

The waived tax is estimated to reach US$326 million a year until 2025.

TPBank sees small profit gain, capital hike in 2020
FINANCE May 28th at 08:00

TPBank sees small profit gain, capital hike in 2020

Tien Phong Joint Stock Commercial Bank (TPBank) is targeting pre-tax profit growth of 5 per cent on-year to VND4.07 trillion (US$174.2 million) in 2020, lower than...

Vietnamese take increasingly to cashless payments
FINANCE May 28th at 07:53

Vietnamese take increasingly to cashless payments

Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top