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VND/USD exchange rate increases due to global impacts

by VTV409 May 2019 Last updated at 17:54 PM

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VTV.vn - The exchange rate between VND and USD at commercial banks increased by around 20 VND dongs per USD on May 8th.

The selling rate was mainly at 23,420 VND/USD, which has been the highest rate of this year so far. The State Bank of Vietnam said it has already prepared possible plans to stabilize the market. Commercial banks now still meet the demand of people and businesses for foreign currencies. The State Bank has also bought more than eight billion USD for its foreign reserves since the beginning of this year.

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