Central Bank Sets USD/VND Exchange Rate At 16,979 on Feb 04

VietBusinessNews - Vietnam's central bank set the dollar's exchange rate a tad higher at VND16,979 Wednesday.

The state-owned Vietcombank sold at VND17,488, compared with VND17,486 Tuesday.

Gold shops sold at VND17,720, up from 17,680 Tuesday.

Dealers said they expect the dollar to further rise this week on low supply resulting from declining exports and foreign direct investment.

State media said Tuesday foreign direct investment pledges to Vietnam fell 88% on year to $200 million in January. (Dow Jones)