The State Bank of Vietnam set the daily reference exchange rate at 23,059 VND/USD on May 28 (Photo: VNA)
Hanoi (VNA) - The daily reference exchange rate was set at 23,059VND/USD on May 28, down 2 VND from the previous day.
With the current trading band of +/- 3percent, the ceiling rate applied to commercial banks during the day is 23,750VND/USD and the floor rate 22,368 VND/USD.
The opening hour rates at commercial banks stayed stable.
At 8:15 am, Vietcombank cut 15 VND from both to 23,330 VND/USD (buying) and 23,450VND/USD (selling).
BIDV kept their both rates unchanged from the previous day, listing the buyingrate at 23,335 VND/USD and the selling rate at 23,455 VND/USD.
Techcombank also maintained the same rates as on May 27, at 23,135 VND per USD(buying) and 23,455 VND/USD (selling). - VNA
The Vietnamese Dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast.
The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
The reference exchange rate and exchange rates of commercial banks have increased continuously in recent days, with the reference exchange rate making its record high on May 8 at 23,046 VND. However, economists said that there is nothing to worry about this situation.
The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured.
The State Bank of Vietnam set the daily reference exchange rate at 23,061 VND per USD on May 27, down 5 VND from the last working day of previous week (May 24), and was 8 VND lower than the rate set a week ago.
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The State Bank of Vietnam set the daily reference exchange rate at 23,059 VND/USD on May 28 (Photo: VNA) 
