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What is trực tiếp bóng đá k+ foreign exchange rate for May 2024 in Vietnam?

On April 26, 2024, trực tiếp bóng đá k+ State Treasury issued Notice 2114/TB-KBNN for trực tiếp bóng đá k+ year 2024 regarding trực tiếp bóng đá k+ foreign currency accounting exchange rate for May 2024.

trực tiếp bóng đá k+ foreign currency exchange rate for May 2024 is stipulated as follows:

- trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and trực tiếp bóng đá k+ US Dollar (USD) for May 2024 is 1 USD = 24,107 VND.

- trực tiếp bóng đá k+ above accounting exchange rate is applied in trực tiếp bóng đá k+ following transactions:

+ Conversion and accounting of state budget revenues and expenditures in foreign currency.

+ Conversion and accounting of trực tiếp bóng đá k+ State Treasury.

Refer to trực tiếp bóng đá k+ detailed foreign currency exchange rate for May 2024here.

What is trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and other foreign currencies?

In Clause 1, Article 8 of Circular 328/2016/TT-BTC (amended by point b of Clause 8, Article 1 of Circular 72/2021/TT-BTC), trực tiếp bóng đá k+ foreign exchange rate is regulated as follows:

State budget revenues in foreign currency

1. Management principles:

...

c) trực tiếp bóng đá k+ foreign currency fund of trực tiếp bóng đá k+ state budget is used to pay and disburse state budget expenditures in foreign currency. trực tiếp bóng đá k+ remaining foreign currency can be sold by trực tiếp bóng đá k+ Central Treasury to trực tiếp bóng đá k+ State Bank of Vietnam as per regulations. At trực tiếp bóng đá k+ end of trực tiếp bóng đá k+ year, during trực tiếp bóng đá k+ finalization adjustment period, trực tiếp bóng đá k+ Central Treasury compiles trực tiếp bóng đá k+ exchange rate differences incurred during trực tiếp bóng đá k+ year and collaborates with trực tiếp bóng đá k+ State Budget Department - Ministry of Finance for processing.

d) trực tiếp bóng đá k+ monthly foreign currency accounting exchange rate is uniformly applied nationwide for converting and accounting state budget revenues and expenditures in foreign currency; converting and accounting by trực tiếp bóng đá k+ State Treasury.

dd) trực tiếp bóng đá k+ Minister of Finance authorizes trực tiếp bóng đá k+ General Director of trực tiếp bóng đá k+ State Treasury to determine and announce trực tiếp bóng đá k+ monthly foreign currency accounting exchange rate. Specifically:

- trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and trực tiếp bóng đá k+ US Dollar is calculated as trực tiếp bóng đá k+ average of trực tiếp bóng đá k+ central rates announced by trực tiếp bóng đá k+ State Bank of Vietnam within trực tiếp bóng đá k+ 30 days before trực tiếp bóng đá k+ announcement date.

- trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and other foreign currencies is calculated as trực tiếp bóng đá k+ average of trực tiếp bóng đá k+ cross-rates between Vietnamese Dong and other foreign currencies announced by trực tiếp bóng đá k+ State Bank of Vietnam within trực tiếp bóng đá k+ 30 days before trực tiếp bóng đá k+ announcement date. For currencies not announced by trực tiếp bóng đá k+ State Bank of Vietnam, trực tiếp bóng đá k+ exchange rate is calculated via trực tiếp bóng đá k+ US Dollar according to trực tiếp bóng đá k+ statistical conversion rate between trực tiếp bóng đá k+ US Dollar and other currencies provided by trực tiếp bóng đá k+ Vietnam Joint Stock Commercial Bank for Foreign Trade on trực tiếp bóng đá k+ last working day of trực tiếp bóng đá k+ month.

...

Thus, trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and other foreign currencies is calculated as follows:

- trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and trực tiếp bóng đá k+ US Dollar is calculated as trực tiếp bóng đá k+ average of trực tiếp bóng đá k+ central rates.

- trực tiếp bóng đá k+ accounting exchange rate between trực tiếp bóng đá k+ Vietnamese Dong and other foreign currencies is calculated as trực tiếp bóng đá k+ average of trực tiếp bóng đá k+ cross-rates between trực tiếp bóng đá k+ Vietnamese Dong and other foreign currencies.

For currencies not announced by trực tiếp bóng đá k+ State Bank of Vietnam, trực tiếp bóng đá k+ exchange rate is calculated via trực tiếp bóng đá k+ US Dollar according to trực tiếp bóng đá k+ statistical conversion rate between trực tiếp bóng đá k+ US Dollar and other currencies provided by trực tiếp bóng đá k+ Vietnam Joint Stock Commercial Bank for Foreign Trade on trực tiếp bóng đá k+ last working day of trực tiếp bóng đá k+ month.

What is trực tiếp bóng đá k+ foreign exchange rate for May 2024 in Vietnam? How to calculate accounting exchange rate between VND and foreign currencies in Vietnam?​ (Image from trực tiếp bóng đá k+ Internet)

What are methods of foreign exchange transactions in Vietnam?

Article 7 of Circular 02/2021/TT-NHNN regulates transaction methods:

Transaction Methods

1. Foreign exchange transactions are conducted through direct transactions or transactions via communication means, including telephone and electronic means.

2. Foreign exchange transactions conducted via electronic means and telephone are subject to mutual agreement and accountability by both parties, ensuring security, safety, and protection of data messages and information confidentiality in accordance with trực tiếp bóng đá k+ law. Data messages hold trực tiếp bóng đá k+ same value as written documents if compliant with Article 12 of trực tiếp bóng đá k+ Electronic Transactions Law. Transactions conducted via electronic means must adhere to trực tiếp bóng đá k+ Electronic Transactions Law and related guiding documents.

3. For transactions via telephone, licensed credit institutions must stipulate and notify partners of trực tiếp bóng đá k+ authorized telephone numbers for transactions. Telephones must have recording capabilities and ensure access to agreed transaction contents with partners for trực tiếp bóng đá k+ purposes of transaction confirmation, internal control of trực tiếp bóng đá k+ credit institution, and dispute resolution (if any).

Thus, there are 02 methods of foreign exchange transactions:

- Direct transactions.

- Transactions via communication means, including telephone and electronic means.

Sincerely!