Vietnam Business & Weather Briefing (May 13): Reference Exchange Rate Up 12 VND

Business Briefing

Gold rate

The domestic gold prices fluctuated strongly. At today's opening session, the price of 9999 gold in Hanoi was listed by Saigon Jewelry Company SJC at VND 69.55 million/tael (buying) and VND 70.17 million/tael (selling), down VND 150.000 in both buying and selling transactions compared to the end of yesterday's session.

At 9:50 am today, Saigon Jewelry Company SJC listed the price in the Hanoi market at VND 69.4 - 70.02 million/tael in buying and selling transition, respectively, VND 300.000 lower per tael compared to yesterday's closing session.

By early this afternoon, the 9999 gold price continued to decrease, reaching VND 68 million/tael (buying) and VND 69 million/tael (selling).

Gold rate worldwide. (Photo: Kitco)

Reference Exchange Rate

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND 23,163 /USD on May 13, up 12 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,856 VND/USD, and the floor rate is 22,456 VND/USD.

The opening-hour rates at commercial banks saw a strong rise. At 8:30 am, Vietcombank listed the buying rate at 22,920 VND/USD and the selling rate at 23,230 VND/USD. Meanwhile, BIDV added 40 VND to both rates, listing at 22,950 VND/USD (buying) and 23,230 VND/USD (selling).

Photo: Vietjet

Aviation news: Vietjet offers promotional tickets for all international routes

Budget carrier Vietjet is offering millions of promotional tickets with prices from zero dong (excluding tax and fees) on its international flight on the occasion of the 31st Southeast Asian Games (SEA Games 31), the biggest regional sports event. The promotional airfares are sold during the golden hours from 12:00 to 14:00 from May 12 to 23, applied on all international routes with a travel period from August 15 to December 31, 2022.

In particular, passengers can enjoy free payment fees when booking and paying via Vietjet SkyClub – Vietjet's exclusive loyalty program. Last month, Vietjet offered 8,888 discounted tickets priced from only zero dong (excluding tax and fees) on several routes.

The promotional airfares are available during three 'golden days' from Tuesday to Thursday for routes connecting HCM City and Hanoi to Thailand, Singapore, and Malaysia with a flexible travel period from April 12 to December 31. The carrier also provided all passengers with 15kg of free checked baggage when booking tickets from Vietnam to Singapore, Malaysia, and Thailand on these promotional days, with the flight period until May 25.

Photo: Kinh Te Do Thi

Weather forecast

From May 14 to May 15: The northern mountains and midlands will continue to have rain, some places will enjoy very heavy rain. The Northern Delta and Thanh Hoa will have showers and thunderstorms, with moderate to heavy rain of 40-70mm/24h, sometimes over 80mm/24h.

During thunderstorms, there is a possibility of tornadoes, lightning, and strong wind. Landslides are likely to occur in the provinces of Lai Chau, Lao Cai, Ha Giang, Cao Bang, Quang Ninh and Lang Son.

From about May 15 to 16: Thunderstorms may move to the North Central and Central regions. In addition, a cold airwave is about to land in the North, which can cause strong winds in the Gulf of Tonkin. The lowest temperature in the mountains is likely to drop below 16 degrees Celsius.

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