Hanoi, Oct. 16 -- The State Bank of Vietnam set the daily reference exchange rate at 25,109 VND/USD on October 16, down 5 VND from the previous day. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,364 VND/USD, and the floor rate 23,854 VND/USD. At 8:35 am, the opening-hour rates at major commercial banks saw a slight fluctuation. Vietcombank raised the buying rate by 5 VND to 26,154 VND/USD, and cut the selling rate by 5 VND to 26,364 VND/USD. Meanwhile, BIDV listed the buying rate at 26,160 VND/USD, and the selling rate at 26,364 VND/USD, down 9 VND and 5 VND, respectively, from the October 15 morning session./.

Published by HT Digital Content Services with permission from V...