Topic: selling price

The selling price of USD at the State Bank of Vietnam (SBV) and commercial banks is still much lower than the ceiling, despite inflation rising in the US and major currencies depreciating against the dollar. According to analysts, while the US Fed is set to raise interest rates, demand for foreign currency in Vietnam has not shown any strong increase.

The State Bank of Vietnam (SBV) adjusted the selling price for USD from VND23,400 to VND23,700 on the afternoon of September 7. It also stopped listing the intervention buying rate. According to analysts, the decision to raise the selling price is mainly a defensive measure against upcoming US Fed interest rate hikes.