Reference exchange rate down VND5 on November 8

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND/US$24,278 on November 8, down VND5 from the previous day.

With the current trading band of +/- 5 percent, the ceiling rate applicable for commercial banks during the day is VND/US$25,492 and the floor rate VND/US$23,064.

At major commercial banks, the opening hour rates saw a slight decrease.

At 8:32 a.m., Vietcombank listed the buying rate at VND/US$25,191 and the selling rate at VND/US$25,491, both down VND6 from November 7.

BIDV posted the buying rate at VND/US$25,191 and the selling rate at VND/US$25,491, up VND21 and down VND6, respectively.

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