Vietnam's central bank set the dollar's exchange rate a tad higher at VND16,972 Wednesday.
The state-owned Vietcombank sold higher at VND17,481, compared with VND17,480 Tuesday.
Gold shops sold higher at VND17,540, compared with VND17,520 Tuesday.
Dealers said they expect the exchange rate to rise towards the weekend on speculations that dollar supply will be low this year.
State media said Tuesday remittances into Vietnam will decline in 2009 due to the ongoing economic slowdown. Remittances into the country rose 19.4% to $8 billion in 2008.
Tuesday, January 6, 2009
Vietnam Central Bank Sets USD/VND Exchange Rate At 16,972 But High For Gold shop
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