Central Bank sets first Daily Central Rate for the VND/USD

The exchange rate stood at 21,896 dong a dollar, a slight increase of 6 dong compared to the old rate in the last 4 months.

The central rate will be used as a basis for credit institutions and foreign bank branches to operate freely and provide foreign exchange services to determine the buying rates and selling rates. The rate is calculated using weighted average exchange rates on the interbank foreign exchange market, and exchange rate growth of selected currencies on the international market. The central bank also announced the cross-rates of the Vietnam-dong and 26 other currencies for today.