Reference exchange rate continues to go down on October 3
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,161 VND per USD on October 3, down 2 VND from the previous day (October 2).
The daily reference exchange rate was set at 23,161 VND per USD on October 3 (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily referenceexchange rate at 23,161 VND per USD onOctober 3, down 2 VND from the previous day (October 2).
With the current trading band of +/- 3percent, the ceiling rate applied to commercial banks during the day is 23,855 VND per USD and the floor rate at 22,466 VND/USD.
The opening hour rates at commercial banks saw slight fluctuations.
At 8:20 am, Vietcombank listed the buyingrate at 23,110 VND/USD, and the selling rate at 23,260 VND/USD, both down 10 VND from the same time on October 2.
BIDV kept both rates unchanged, with the buying rate listed at 23,140 VND/USD and the selling rate at 23,260 VND/USD.
Meanwhile, Techcombank raised both rates by 1 VND, with the buying rate listed at 23,133 VND/USD and the selling rate at 23,273 VND/USD./.
The State Bank of Vietnam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.
Credit has been provided for production and business activities and the priority fields while loans for high-risk areas have been further tightened so far this year, the State Bank of Vietnam (SBV) reported.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,163 VND per USD on October 2, down 2 VND from the previous day (October 1).
The State Bank of Vietnam (SBV)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
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The daily reference exchange rate was set at 23,161 VND per USD on October 3 (Photo: VNA) 
