The State bank of Vietnam on Friday announced that there is no plan in adjusting the foreign exchange rates at the moment, following a wave to increase the US dollar selling prices from local banks.
The highest selling price quoted by Vietcombank on Friday was VND21,030 a dollar, VND65 higher than prices listed two days earlier.
Eximbank and ACB meanwhile sold the greenback at VND21,020 each.
The prices, however, are still lower than the ceiling price of VND21,036 a dollar stipulated by the SBV.
In the unofficial market, ask price was quoted at VND21,330 per dollar on Friday.
Banks said demand for the greenback has risen due to a rumor that the central bank would adjust the forex rate.
“This is a groundless rumor,” confirmed SBV deputy governor Le Minh Hung.
The forex liquidity remains in good shape and there is no reason to adjust the forex rate, he said.
“Prices have risen as several banks have increased US dollar purchase to make up for their weak foreign currency liquidity,” he explained.
“But the phenomenon will last for only a short time and currently, all demand for foreign currency of the public is normally met,” he asserted.