Reference exchange rate down sharply at week’s beginning

22:12 | 28/01/2019 Finance Follow english.haiquanonline.com.vn on

The State Bank of Vietnam adjusted the daily reference exchange rate on January 28 down sharply to 22,858 VND/USD, a reduction of 25 VND from the last working day of previous week (January 25).

reference exchange rate down sharply at weeks beginning

File photo (Source: VNA)

With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,543 VND/USD and the floor rate is 22,173 VND/USD.

The opening hour rates at commercial banks continued to stay stable.

Vietcombank listed the buying rate at 23,145 VND/USD and the selling rate at 23,235 VND/USD, unchanged from January 25.

BIDV also kept both rates at the same levels as on January 25 at 23,155 VND/USD (buying) and 23,245 VND/USD (selling).

Both rates at Techcombank also remained unchanged at 23,125 VND/USD (buying) and 23,240 VND/USD (selling).

Last week (January 21 to 25), the daily reference exchange rate kept rising throughout the week except for Thursday. It gained a total 10 VND during the week.

Meanwhile, the rates listed by commercial banks saw no changes from the beginning of the week.

Source: VNA

Tags:

Related News

Strictly control and combat gold smuggling

13:49 | 04/05/2024 Anti-Smuggling

VCN – The General Department of Vietnam Customs (GDVC) requires local customs departments to strengthen inspection, control and prevention for illegal transportation of gold products across the border, and strictly monitor gold imports and exports of legitimate gold companies.

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

09:32 | 23/04/2024 Finance

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.

Support clearance procedures for imported gold for bidding

09:33 | 23/04/2024 Finance

VCN - The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.

Ambitious profit goals of banks

10:32 | 13/04/2024 Finance

VCN - With low profits and expectations of a better economic situation, banks "boldly" submitted to the General Meeting of Shareholders profit targets with high growth rates.

Latest News

After six consecutive increase years, tax revenue from real estate transfer plunges

08:49 | 19/05/2024 Finance

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.

Improve processes and enhance experience to rebuild trust in life insurance

20:25 | 17/05/2024 Finance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.

PM chairs meeting on fiscal, monetary policy management

20:20 | 17/05/2024 Finance

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.

Many tax management solutions for e-commerce

10:01 | 16/05/2024 Finance

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.

More News

Completely resolve problems and accelerate public investment disbursement

14:41 | 15/05/2024 Finance

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.

Tax, land rent payment deadlines to be extended this year

14:21 | 15/05/2024 Finance

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).

Tax compliance management in the digital economy

11:32 | 15/05/2024 Finance

VCN - The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy. The transactions made via the internet environment and digital platforms have caused monitoring, controlling and management difficulties. Therefore, it is required to have appropriate solutions for management and ensuring revenue sources.

Hai Phong: Budget revenue reached more than VND40,000 billion

13:57 | 14/05/2024 Finance

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.

Price adjustment should be in implemented in appropriate time to control inflation

13:56 | 14/05/2024 Finance

VCN – The increase in base salary, deposit interest rates, exchange rates and gold prices, and adjustment of prices of public services and State-managed goods are “threats” in price management and inflation control from now until the end of the year. However, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), these are not too big impacts, it is necessary to monitor and calculate the appropriate time and level.

Fiscal policy is expanded and flexible to promote economic growth 2024

13:28 | 13/05/2024 Finance

VCN - Recently, the Ministry of Finance has proactively researched, proposed, and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion. This is a particularly important resource that contributes to promoting the economic recovery process after the pandemic. According to experts, in 2024, flexible and prudent fiscal policy will continue to be the foundation for the economy.

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

08:16 | 12/05/2024 Finance

VCN - In 2024, along with evaluating and summarizing the implementation of support solutions that have been issued, the Ministry of Finance will continue to coordinate with ministries and branches to closely monitor the actual situation and forecast the situation of socio-economic development to research and propose to competent authorities about support solutions on taxes and fees to apply in 2024.

Prevent corruption and group interests in developing financial laws

10:07 | 11/05/2024 Finance

VCN - In order to prevent corruption, group interests, and local interests, the Ministry of Finance requires its subordinate units to strengthen the building and perfecting legal system and law enforcement organization. Accordingly, the Ministry will strictly handle corruption, negative acts and group interests in policy development.

"Creativity in revenue collection to achieve set goals in difficult contexts"

14:55 | 10/05/2024 Finance

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.

Your care

Latest Most read