Experts warn it is important to develop measures to cope with risk in foreign exchange rates amid slow global economic recovery and geopolitical strife.

Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.

The State Bank of Vietnam (SBV) introduced two books on the history of the Vietnamese currency and of the central bank at a press conference on April 29, to mark the 70th anniversary of the country’s banking system (May 6, 1951-2021).

The State Bank of Vietnam set the daily reference exchange rate at 23,238 VND per USD on February 26, down 6 VND from the previous day.

Since the beginning of the year, the State Bank of Vietnam has been increasing the reference rate of the dong against the US dollar, and the Vietnamese currency has appreciated 0.43 percent as a result.

The State Bank of Vietnam set the reference exchange rate at 22,548 VND/USD on May 2, up 9 VND from the rate on the last day before the four-day holiday from April 28 to May 1.

The State Bank of Vietnam set the daily reference exchange rate at 22,472 VND/USD on April 10, a reduction of 3 VND from the rate on the previous day.

The State Bank of Vietnam set its reference VND/USD exchange rate at 22,463 VND/USD on March 29, up by 10 VND from the day ago.