On September 28, 1818, the State Treasury issued Announcement No. 4752/TB-KBNN announcing exchange rates for foreign currency transactions in 10/2018. This notice is effective from the date of its issuance.
Accordingly, Notice No. 4752/TB-KBNN states that the exchange rate between VND and foreign currencies is as follows: 1 USD = 22,697 VND; 1 EURO (European common currency) = 26,392 VND; 1 GBP = £ 29.864; 1 JPY (Japanese Yen) = 200 VND; 1 CNY (Chinese Yuan) = 3,299 VND; 1 HKD (Hong Kong Dollar) = 2,902 VND; 1 CHF (Swiss Franc) = 23,160 VND; 1 SGD (Singapore Dollar) = 16,567 VND; 1 RUB (RUB Russia) = 346 VND.
In addition, Notice No. 4752/TB-KBNN also stipulates that the above accounting exchange rate is applied in the following operations: Conversion and accounting of State budget revenues and expenditures in foreign currencies, originated in foreign currency; Conversion and accounting of the State Treasury.
In addition, the State Treasury also requests financial institutions, State Treasury offices in provinces and cities and state budget beneficiaries to base themselves on the announced exchange rate to account and report the collection. Payment of foreign currency according to the prescribed regime.
The announcement of the exchange rate is very important in the exchange activities, revenue and expenditure of state budget in foreign currency, thereby contributing to these activities are accurate and consistent. with the national financial situation as well as the international monetary exchange rate.