Reference exchange rate continues going down on October 22
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,148 VND per USD on October 22, down 5 VND from the previous day (October 21).
The daily reference exchange rate was set at 23,148 VND per USD on October 22 (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the dailyreference exchange rate at 23,148 VND per USD on October 22, down 5 VND fromthe previous day (October 21).
With the currenttrading band of +/- 3 percent, the ceiling rate applied to commercial banksduring the day is 23,842 VND per USD and the floor rate at 22,453 VND/USD.
The openinghour rates at some commercial banks stayed stable.
At 8:15 am,Vietcombank listed the buying rate at 23,120 VND/USD, and the selling rate at23,270 VND/USD, unchanged from the same time on October 21.
BIDV also keptboth rates unchanged, with the buying rate listed at 23,145 VND/USD and theselling rate at 23,265 VND/USD.
Meanwhile,Techcombank added 1 VND to both rates, listing the buying rate at 23,134VND/USD and the selling rate at 23,274 VND/USD./.
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)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 18, down 5 VND from the previous day (October 17).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,153 VND per USD on October 21, down 1 VND from the last working day of previous week (October 18).
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According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
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The daily reference exchange rate was set at 23,148 VND per USD on October 22 (Photo: VNA) 
