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Vietnam Investment Review on MSN20h
Exchange rate offering test for economic footing
On July 10, the State Bank of Vietnam (SBV) announced a historic central exchange rate of VND25,131 per USD, up VND12 from the previous day and VND10 higher than the key benchmark set on July 8. The ...
The exchange rate between the dong and the US dollar will be stable and end at VND22,900 per US dollar by the end of 2018, predicts Ngo Dang Khoa, head of Global Markets, HSBC Bank Viet Nam.
The bid-ask spread (informally referred to as the buy-sell spread) is the difference between the prices at which a dealer will buy and sell a currency in the foreign exchange market.