SBV increases VND/USD trading band to +/-2%

Thu Minh

Aug 12, 2015 / 05:40 PM

The State Bank of Vietnam (SBV) has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12.

With the average inter-bank VND/USD exchange rate adjusted to 21,673, the ceiling exchange rate is now 22,106 VND/USD and the floor rate is 21,240 VND/USD.
This is the third time this year the SBV has adjusted the average inter-bank VND/USD exchange rate.

The State Bank of Vietnam has increased the trading band of Vietnamese dong/US dollar (VND/USD) from +/- 1 percent to +/-2 percent.

Previously, the SBV raised the average inter-bank rate by 1% from 21,246 VND/USD to 21,458 VND per USD on January 27 and increased it again to 21,673 VND/USD on May 7 to ensure the VND’s stability following movements in domestic and international financial markets.
The yuan devaluation by 1.9% on August 11, the biggest loss in two decades, negatively impacted dozens of Asian currencies as well as Vietnam’s economy.

Reactions:

Rất hay

Thích

Giải trí

Cần cải thiện

Trending

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

From farmlands and delivery routes to traffic monitoring and emergency response, unmanned aerial vehicles (UAVs) are rapidly entering Vietnam’s economic life, opening new growth space as cities and provinces accelerate plans for the low-altitude economy.

19 Dec, 02:00 PM

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

17 Dec, 07:06 PM

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

16 Dec, 10:12 PM

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

16 Dec, 03:35 PM

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

15 Dec, 07:28 PM

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

15 Dec, 07:16 PM

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

14 Dec, 02:17 AM

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

13 Dec, 04:40 PM