The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,755 VND/USD on March 4, down 3 VND from the previous day. (Photo: VNA)

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,993 VND/USD and the floor rate 23,517 VND/USD.

At major commercial banks, however, the opening-hour rates saw increases.

At 8:29am, Vietcombank listed the buying rate at 25,420 VND/USD and the selling rate 25,780 VND/USD, both up 50 VND from the March 3 morning session.

BIDV raised both rates by 20 VND, setting its buying and selling rates at 25,390 VND/USD and 25,750 VND/USD, respectively.