Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate at 23,145 VNDper USD on May 11, down 17 VND from the rate in the previous day.
Withthe current trading band of +/-3 percent, the ceiling rate appliedto commercial banks during the day is 23,840 VND/USD and the floor rate 22,450VND/USD.
The rates listed atcommercial banks saw decreases.
At8:25 am, Vietcombank listed the buying rate at 22,920 VND/USD, down 20 VND; andthe selling rate at 23,150 VND/USD, unchanged from May 10.
BIDV listed the buying rate at 22,957 VND/USD and the selling rate 23,157VND/USD, both down 13 VND from the previous day. Vietinbank also cut both rates by 7 VND, listing at 22,947 USD/VND (buying) and 23,157VND/USD (selling)./.
The The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND per USD on May 10, down 17 VND from the rate on the last working day in the previous week (May 7).
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
Illustrative image (Photo: VNA) 
