Hanoi, May 7 -- The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,930 VND/USD on May 7, down 8 VND from the previous day. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,177 VND/USD and the floor rate 23,684 VND/USD. At 8:25 am, the opening-hour rates at major commercial banks saw increases. Vietcombank listed the buying rate at 25,780 VND/USD and the selling rate at 26,140 VND/USD, both up 5 VND from the May 6 morning session. BIDV also raised both rates by 20 VND, posting the buying rate at 25,790 VND/USD and the selling rate at 26,150 VND/USD./.

Published by HT Digital Content Services with permission from Vietnam News Agency....