An employee counts American notes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The US dollar fell against the Vietnamese dong on the black market on Saturday morning.
Unofficial exchanges sold the greenback at 24,770 VND, down 0.20 percent.
Vietcombank kept it at 24,420 VND.
The State Bank of Vietnam lowered its benchmark rate by 0.16% to VND23,866.
It has increased by 2.91% since the start of the year.
Globally, the dollar rose slightly on Friday, but 2023 ended with its first annual loss since 2020 against the euro and a basket of currencies, pending the Federal Reserve US begins cutting rates next year as inflation moderates, Reuters reported.
Questions for 2024 will focus on when the Fed begins cutting rates and whether the first rate cut is made to avoid excessive tightening due to falling inflation or due to slowing U.S. economic growth.
Against a basket of currencies, the greenback gained 0.13% on Friday to 101.32, falling from a five-month low of 100.61 reached on Thursday. It is on track to lose 2.10% this year and is down 4.62% this quarter, the worst performance in a year.
