The daily reference exchange rate on November 19 was kept unchanged from the last day of the previous week (November 16), standing at 22,721 VND per USD.
The daily reference rate for November 19 was unchanged from the last day of previous week. Illustrative image (Photo: VNA).
With the current
trading band of +/- 3 percent, the ceiling rate applied to commercial banks
during the day is 23,402 VND/USD and the floor rate 22,040 VND/USD.
The opening hour rates at commercial banks also stayed stable.
Vietcombank and BIDV kept both rates unchanged from November
16, listing the buying rate at 23,265 VND/USD and the selling rate at 23,355
VND/USD.
Both the rates at Techcombank were also the same as on
November 16, with the buying rate at 23,245 VND/USD and the selling rate at
23,355 VND/USD.
Last week (November 12-16), the reference exchange rate went
up on the first two days but turned around to fall on the last three days. It
opened the week at 22,725 VND/USD but ended at 22,721 VND per USD.
The rates listed at commercial banks fluctuated throughout
the week, but overall ending the week higher than on Monday.
Source: VNA
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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