Polish central bank exchange rates

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,261 VND per USD on May 29, down 10 VND from the previous day. With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,959 VND/USD and the floor rate 22,563 VND/USD. The opening hour rates at commercial banks all saw decreases. At 8:25 am, Vietcombank listed the buying rate at 23,180 VND/USD and the selling rate at 23,390 VND/USD, both down 20 VND from May 28. At BIDV, both rates were adjusted down 25 VND to 23,205 VND/USD (buying), and 23,385 VND/USD (selling).  Techcombank also adjusted both rates down 20 VND to 23,190 VND/USD (buying), and 23,390 VND/USD (selling). During the week from May 25 to 29, the daily reference exchange rate fluctuated variably and ended the week up 1 VND from Monday. The rates at commercial banks also fluctuated, mostly ending the week lower than at the week’s beginning./. … [Read more...] about Reference exchange rate down 10 VND on May 29

Because of the recent rise in the value of the US dollar and gold prices, the increase of the basic interest rate is significant for improving the value of domestic currency and limiting the rise of exchange rates, which can negatively impact the macro economy. As foreign currency earners such as exports or overseas remittances show little signs of improving compared to 2008, controlling the supply of Vietnamese cash by higher interest rates is a tool to ensure a stable exchange rate. … [Read more...] about Increase basic interest rate – a good therapy for national economy

A teller counts Vietnamese banknotes. Since the outbreak of the novel coronavirus, banks in HCMC have provided support for some 224,000 local firms and household businesses – PHOTO: VNA HCMC – Banks in HCMC have lowered their interest rates and rescheduled loans worth VND290.5 trillion (US$12.4 billion) for around 224,000 firms and household businesses reeling from the coronavirus pandemic. … [Read more...] about HCMC banks offer support for 224,000 virus-hit businesses

Fitch Ratings forecasts Vietnam’s GDP growth to hit 3.3 percent this year, while the International Monetary Fund (IMF) has projected 2.7 percent. Both are the lowest growth rates recorded since Vietnam introduced its economic reforms in the 1986. … [Read more...] about Fitch Ratings lowers outlook on five Vietnam banks

Bien Ho Che (Tea lake), in Gia Lai province. The lake is located in Chu Pah district of Gia Lai province, roughly 13km north of the centre of Pleiku city. As the name Bien ho Che (Tea lake) implies itself, it represents the sheer vastness of the surrounding tea hill. Early in the morning when the dew still lingers on the leaves, visitors are able to enjoy the pristine beauty and vitality of the new day. Photo: Nguyen Quang Ngoc Tonkin / Shutterstock. … [Read more...] about Seven must-visit destinations of the Central Highlands region