VINACHEM

Many commercial banks have weakened the US dollar against the Vietnamese dong by 0.4 per cent in the past two weeks.

In the opening hours of this afternoon, commercial banks’ rates continuously witnessed slight reduction.

State-owned commercial banks Vietcombank and BIDV listed the buying rate at VND22,655 and the selling rate at VND22,725, down VND25 from this morning.

Vietinbank's buying and selling rates were VND22,670 and VND22,750, respectively, down VND30.

At joint stock commercial banks such as ACB, the buying rate was VND22,650 per dollar and the selling rate was VND22,740, down VND30.

Eximbank’s buying and selling rates were lower at VND22,630 and VND22,730, down VND30.

Dong A devalued the dollar by VND40 to list at VND22,640 and VND22,730.

State Bank of Vietnam on Tuesday set the reference VND/USD exchange rate at VND22,288, up VND7 against the previous day.

With the current +/- 3 per cent VND/USD trading band, the ceiling exchange rate is VND22,956 and the floor rate is VND21,620. - VNN