Under China's spot foreign exchange market mechanism, the CNY can fluctuate up or down by a maximum of 2% from the central rate each trading day.
This rate is determined based on a weighted average of prices provided by market makers prior to the opening of the interbank market each business day.
At the same time, China released first-quarter trade figures with total imports and exports of goods up 1.3% year-on-year. Exports reached 6.13 trillion yuan (about 850.1 billion USD), up 6.9%, while imports fell 6% to 4.17 trillion yuan.
Despite weakening global economic growth, rising trade protectionism and geopolitical tensions, China's foreign trade has maintained steady growth, indicating an improvement in the quality of development, said Wang Lingjun, deputy director general of China Customs, at a press conference.
On the morning of April 16, 2025, the average exchange rate of Chinese Yuan (CNY) at 19 Vietnamese commercial banks was recorded at 3,552 VND/CNY.
Among banks, VietinBank continues to hold the leading position in both transaction directions. Specifically, this bank buys cash at the highest market price of 3,459 VND and buys transfers at 3,599 VND.
At the lowest buying price, MSB is the bank that listed the lowest cash buying price at 3,413 VND/CNY. Meanwhile, Techcombank continues to maintain the lowest transfer buying price at 3,358 VND.
On the selling side, HDBank has the lowest cash selling price with an exchange rate of 3,568 VND. Sacombank also offers the lowest transfer selling price of 3,582 VND, quite close to the average market price.
On the contrary, Indovina was the bank selling cash at the highest price of the day, at 3,820 VND/CNY. At the same time, LPBank and OceanBank shared the leading position in the highest transfer selling price, with the exchange rate up to 3,832 VND.
Source: https://baonghean.vn/ty-gia-nhan-dan-te-hom-nay-16-4-2025-tang-nhe-so-voi-phien-truoc-10295220.html
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