The VND continues to slip against USD

After the sudden increase of the value of USD against the VND on Oct. 1, it has continued to rise.

Illustrative photo. After the sudden increase of the value of USD against the VND on Oct. 1, it has continued to rise.

A price survey of commercial banks Friday morning showed that, since the previous day, the buying price of USD increased by between VND5 and VND30 and the selling price of UDS increased up to VND60.

Currently, the lowest buying price is around VND21,200 and the highest is VND21,290, while the highest selling price is VND21,340.

At VietinBank, both the buying and selling prices increased VND30 from the previous day, brought the exchange rate to VND21,255 - VND21,315.

At BIDV, the exchange rate  VND21,250 - VND21,330. At LienVietPostBank, the exchange rate is VND21,220 - VND21,340 VND/USD. At Sacombank, the exchange rate is VND21,230 - VND21,330.

Meanwhile, the inter-bank exchange rate remained stable at VND21,246.

Over the last few days, exchange rates have increased by VND75 due to adjustments by the State Bank of Vietnam. Since the beginning of the year, the State Bank has made a 1% increase of the exchange rate and the State Bank's governor said that they will continue to push down the value of the VND against the USD by 1%-1,43% by the end of the year.