The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17. (Source: VNA)

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,558 VND/USD and the floor rate 23,124 VND/USD.

At major commercial banks, the opening-hour rates showed divergent trends.

At 8:27 am, Vietcombank listed the buying rate at 25,198 VND/USD and the selling rate 25,558 VND/USD, both up 9 VND from the rates on January 16.

Meanwhile, the buying rate at BIDV was 25,180, and the selling rate 25.540, down 9 VND.