Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Reference exchange rate down 1 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,636 VND/USD on March 6, down 1 VND from the last working day of previous week (March 3).
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| State Bank of Vietnam sets daily reference exchange rate at 23,636 VND/USD on March 6 (Photo: VNA) |
With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 23,817 VND/USD and the floor rate 22,454 VND/USD.
The opening hour rates at commercial banks fluctuated variably.
At 8:15am, Vietcombank listed the buying rate at 23,530 VND/USD, and the selling rate at 23,900 VND/USD, both up 10 VND from the end of March 3.
On the contrary, BIDV raised the buying rates by 10 VND to 23,570 VND/USD but reduced the selling rate by 10 VND to 23,870 VND/USD (selling).
During the week from February 27-March 3, the daily reference exchange rate was up at the beginning of the week but turned around to follow a downward trend until Friday. It ended the week down 5 VND./.
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