Reference exchange rate on May 4: 23.635 VND/USD, down 4 VND; Euro and Yen down but Pound rising. (Source: WVR)

Reference exchange rate on May 4:

The State Bank of Vietnam set the daily reference exchange rate at 23,639 VND/USD on April 28, unchanged from the previous day (April 28 Reference exchange rate is 23,639 VND/USD).

With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 24,816 VND/USD and the floor rate 22,453 VND/USD.

The opening hour rates at commercial banks continued to decrease.

At 8:15 am, Vietcombank listed the buying rate at 23,275 VND/USD, and the selling rate at 23,645 VND/USD, both up 15 VND from the end of May 3.

Meanwhile, BIDV cut both rates by 1 VND to 23,300 VND/USD (buying) and 23,600 VND/USD (selling)