Illustrative photo (Photo:VNA)

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,371 VND/USD on July 29, up 25 VND from the previous day.

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 24,071 VND/USD and the floor rate 22,671 VND/USD.

The opening-hour rates at many commercial banks showed an upward trend.

At 8:40 am, Vietcombank raised both rates by 15 VND to 23,580 VND/USD (buying) and 23,890 VND/USD (selling)

Meanwhile, BIDV listed the buying rate at 23,625 VND/USD and the selling rate at 23,905 VND/USD, both up 20 VND from the end of September 28.