Reference exchange rate up 8 VND on July 8. (Illustrative image. Source: VNA)

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,377 VND/USD and the floor rate 23,865 VND/USD.

At 8:25 am, the opening-hour rates at major commercial banks also saw decreases.

Vietcombank listed the buying rate at 25,970 VND/USD and the selling rate 26,330 VND/USD, both down 25 VND from July 7.

BIDV also cut both rates by 25 VND to 25,965 VND/USD (buying) and 26,325 VND/USD (selling).