The US dollar prices climbed in the domestic commercial banks and in theflea market on June 3, while the gold prices dipped slightly inVietnam.
While the State Bank of Vietnam (SBV), which recentlymade a commitment to stabilise the gold and forex markets, has kept therate of 21,036 VND for 1 USD unchanged for the last 11 months, mostcommercial banks increased the dollar's buying and selling rates between30 VND and 50 VND on June 3.
Vietcombank on June 3 added another40 VND to the dollar's selling rate, raising it to 21,220 VND and wasbuying it for 21,160 VND, which was 30 VND higher over last rate on June2. According to Vietcombank, the US dollar rate increased between 0.28percent and 0.33 percent during the last two weeks in the bank.
Thesame buying and selling rates of 21,160 VND and 21,220 VND respectivelywere applied by EximBank and VietinBank. The rates were 21,180 VND and21,200 VND at the Bank for Investment and Development of Vietnam, and21,170 VND and 21,230 VND respectively at the Asia Commercial Bank.
Accordingto SBV, commercial banks were allowed to apply an effective exchangerate + or -1 percent from the official exchange rate set by SBV.Accordingly, the ceiling price for a dollar was 21,246 VND.
Inthe flea market, traders also raised their US dollar rate compared toJune 2. At the Quoc Trinh Jewellery Company in Ha Trung street, the mostpopular forex spot in Hanoi, a dollar was listed between 21,330 VND and21,350 VND.
On the same day, the gold price fell by 100,000 VNDor 4.7 USD for one tael from the previous day. One tael of theState-owned SJC gold was selling at 36.28 million VND, or 1,727 USD, atthe Saigon Jewellery Company.
On the gold trading floor,Kitco.com, the gold price dropped by 4.4 USD per ounce and was listed at1,242.9 USD per ounce or 1,497.6 USD per tael. Thus, each tael of goldin Vietnam was nearly 230 USD higher than in the world market.-VNA
While the State Bank of Vietnam (SBV), which recentlymade a commitment to stabilise the gold and forex markets, has kept therate of 21,036 VND for 1 USD unchanged for the last 11 months, mostcommercial banks increased the dollar's buying and selling rates between30 VND and 50 VND on June 3.
Vietcombank on June 3 added another40 VND to the dollar's selling rate, raising it to 21,220 VND and wasbuying it for 21,160 VND, which was 30 VND higher over last rate on June2. According to Vietcombank, the US dollar rate increased between 0.28percent and 0.33 percent during the last two weeks in the bank.
Thesame buying and selling rates of 21,160 VND and 21,220 VND respectivelywere applied by EximBank and VietinBank. The rates were 21,180 VND and21,200 VND at the Bank for Investment and Development of Vietnam, and21,170 VND and 21,230 VND respectively at the Asia Commercial Bank.
Accordingto SBV, commercial banks were allowed to apply an effective exchangerate + or -1 percent from the official exchange rate set by SBV.Accordingly, the ceiling price for a dollar was 21,246 VND.
Inthe flea market, traders also raised their US dollar rate compared toJune 2. At the Quoc Trinh Jewellery Company in Ha Trung street, the mostpopular forex spot in Hanoi, a dollar was listed between 21,330 VND and21,350 VND.
On the same day, the gold price fell by 100,000 VNDor 4.7 USD for one tael from the previous day. One tael of theState-owned SJC gold was selling at 36.28 million VND, or 1,727 USD, atthe Saigon Jewellery Company.
On the gold trading floor,Kitco.com, the gold price dropped by 4.4 USD per ounce and was listed at1,242.9 USD per ounce or 1,497.6 USD per tael. Thus, each tael of goldin Vietnam was nearly 230 USD higher than in the world market.-VNA
