![]() (Photo: Tran Viet/VNA)
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On May 30, the exchange rate of the Vietnamese Dong (VND) against the US Dollar (USD) and the Chinese Yuan (CNY) continued its upward trend at commercial banks.
Specifically, at 8:30 am on May 30, Vietcombank and BIDV listed the USD exchange rate at 25,830-26,190 VND/USD (buying-selling). Vietcombank increased by 50 VND, while BIDV increased by 40 VND in both buying and selling rates compared to May 29.
At the State Bank of Vietnam, the reference exchange rate on May 30 increased by 16 VND compared to the previous day, standing at 24,978 VND/USD.
With a trading band of ±5% around the reference rate, the ceiling and floor rates applied by banks are 26,226 VND/USD and 23,729 VND/USD, respectively.
The reference buying and selling rates at the Banking Department of the State Bank are currently 23,764 VND/USD and 26,160 VND/USD, respectively.
The Chinese Yuan continued its upward trajectory. Vietcombank increased both buying and selling rates by 11 VND, reaching 3,563-3,677 VND/CNY. Similarly, BIDV adjusted its CNY exchange rates by 10 VND in both directions, resulting in buying and selling rates of 3,581-3,679 VND/CNY.
– 08:46 30/05/2025
Why Does the State Bank Prohibit Illegal USD Trading?
“In a bid to curb dollarization and illegal foreign exchange transactions, authorized currency exchange agencies are urged to uphold the government’s anti-dollarization policies. It is imperative that these agencies operate within the confines of the law and refrain from engaging in any illicit activities.”