Hanoi (VNA) - The daily reference exchange rate for VND/USD continuedthe rising trend on July 12, going up 5 VND to 22,652 VND/USD.
With the current trading band of +/- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,331 VND/USD and the floor rate 21,973VND/USD.
The rates listed at commercial banks were rather stable.
Both Vietcombank and BIDV maintained their rates unchanged from July 11,listing the buying rate at 23,005 VND/USD, and the selling rate at 23,075VND/USD.
Meanwhile, Techcombank added 5 VND to both rates, raising the buyingrate to 22,985 VND/USD and the selling rate to 23,085 VND/USD.
The reference exchange rate opened this week (July 9) down but then wenton a rising trend.
Foreign exchange rates are likely to rise strongly due to concerns thatthe US-China trade war may be escalating, according to a report on Vietnamesemacroeconomy for the second quarter released by the Vietnam Institute forEconomic and Policy Research (VEPR) under the University of Economics, anaffiliate of the Hanoi National University, on July 11.
The report said the Fed’s second interest rate hike in the secondquarter of this year was one of the key factors pushing up US dollar prices anddepreciating the domestic currency, thus affecting the US dollar-Vietnamesedong exchange rate in the period under review.
The report went on to say that the foreign currency reserve (FCR) standsat 63.5 billion USD, equivalent to nearly 13 weeks of imports, and is theminimum national FCR recommended by the International Monetary Fund.
It suggested that Vietnam shouldaccumulate more foreign currency reserves to stay confident in the globalintegration process. -VNA
The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.
The State Bank continued to adjust the daily reference exchange rate up on July 11, setting the rate at 22,647 VND/USD, an increase of 7 VND compared to July 10.
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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.
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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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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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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.
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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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
Transaction at Vietcombank (Photo: VNA) 
