The State Bank of Vietnam sets the daily reference exchange rate at 23,152 VND/USD on August 12, down 26 VND from the previous day. (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate at 23,152 VND/USD on August 12, down 26 VND from the previousday.
With the trading band of +/- 3 percent, the ceiling rate applicable for commercialbanks during the day is 23,846 VND/USD and the floor rate 22,980 VND/USD.
The rates listed at commercial banks this morning all dropped strongly.
At 8:25 am, Vietcombank listed the buying rate at 22,670 VND/USD and theselling rate at 22,900 VND/USD, both down 80 VND from the rates at the samehour on August 11.
BIDV cut 70 VND from both rates, listing the buying rate at 22,710 VND/USD andthe selling rate at 22,910 VND/USD.
Meanwhile, Vietinbank reduced the buying rate by 85 VND to 22,695 VND/USD andthe selling rate by 65 VND to 22,915 VND/USD./.
The State Bank of Vietnam set the daily reference exchange rate at 23,173 VND/USD on August 9, up 6 VND from the last working day of previous week (August 6).
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The State Bank of Vietnam sets the daily reference exchange rate at 23,152 VND/USD on August 12, down 26 VND from the previous day. (Photo: VNA) 
