Reference exchange rate goes up on December 5

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND/US$24,266 on December 5, up VND4 from the previous day.

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With the current trading band of +/- 5 percent, the ceiling rate applicable for commercial banks during the day is VND/US$25,479 and the floor rate VND/US$23,053.

At major commercial banks, the opening hour rates also saw slight increases.

At 8:25 a.m., Vietcombank listed the buying rate at VND/US$25,176 and the selling rate at VND/US$25,479, both up VND4 from December 4.

BIDV raised the buying rate by VND17 to VND/US$25,189 and the selling rate by VND4 to VND/US$25,479.

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