Reference exchange rate down VND3 on January 4

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,603 VND/USD on January 4, down VND 3 from the previous day.

With the current trading band of +/-5 percent, the ceiling rate applicable to commercial banks during the day is 24,783 VND/USD and the floor rate 22,423 VND/USD. The opening-hour rates at commercial banks continued to drop.

Vietcombank reduced both rates by VND60 , listing the buying rate at 23,350 VND/USD and the selling rate at 23,700 VND/USD. Meanwhile, BIDV listed the buying rate at 23,390 VND/USD and the selling rate at 23,670 VND/USD, both down VND15 from the end of January 3.