Feb 17: Vietnam central bank keeps dollar exchange at vnd20,828

Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Friday, unchanged since Dec 26, 2011.

Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036.

Most of commercial banks changed dollar prices today, ranged from VND20,790-20,810 for bid and VND20,850-21,036 for ask, respectively.

Dollar Price Quote for Feb17th, 2012.

Bank	Bid	Change	Ask	Change
Vietcombank	20,800	0	20,860	0
ACB	20,790	10	20,850	0
BIDV	20,790	20	20,850	20
Eximbank	20,790	20	20,850	20
SeABank	20,810	10	21,036	0
Vietinbank	20,810	10	20,855	20

 

 

 

 

Greenback demand is said to be weak on lower import demand, especially raw materials for the steel, chemical and garment industries due to slow consumption while the government applied tough measure to crack down black market. Vietnam’s government last week announced a trade surplus of $170 million in January also helped ease dollar demand.

Source TEI/StoxPlus

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial