How much Vietnamese dollar is RMB equal to? Analysis of the latest exchange rates and hot topics
Recently, the fluctuation of the exchange rate between the RMB and the Vietnamese Dong has attracted widespread attention, especially for people who plan to travel to Vietnam, do business, or make cross-border investments. This article will combine the hot topics and hot content on the Internet in the past 10 days to provide you with the latest exchange rate data, analysis of influencing factors and related practical information.
1. The latest exchange rate of RMB to Vietnamese Dong (as of 2023)
| currency pair | exchange rate | Update time |
|---|---|---|
| 1 Renminbi (CNY) | ≈3,450 Vietnamese Dong (VND) | October 2023 |
| 100 RMB (CNY) | ≈345,000 Vietnamese Dong (VND) | October 2023 |
2. Key factors affecting exchange rate fluctuations
1.China-Vietnam trade relations: The recent growth in China’s demand for exports of electronic components and mechanical equipment to Vietnam has pushed up the demand for RMB.
2.Tourism recovery: The number of Chinese tourists visiting Vietnam increased by 120% compared with the same period last year, and the demand for exchanges surged.
3.monetary policy differences: Vietnam’s central bank maintains a loose policy, in contrast to China’s prudent monetary policy.
3. Top 5 popular related topics on the entire network
| Ranking | topic | heat index |
|---|---|---|
| 1 | Vietnam tourism prices rise | 980,000 |
| 2 | New regulations on border trade between China and Vietnam | 750,000 |
| 3 | Digital currency cross-border payment | 680,000 |
| 4 | Vietnam real estate investment | 550,000 |
| 5 | Currency Hedging Guide | 490,000 |
4. Practical exchange suggestions
1.Bank channel: Bank of China, Industrial and Commercial Bank of China and other major banks provide real-time exchange rates, with handling fees of about 0.5%-1%.
2.border exchange point: The exchange rate in border cities such as Dongxing in Guangxi and Hekou in Yunnan is usually 0.5% higher than that of banks.
3.electronic payment: 80% of merchants in major cities in Vietnam support UnionPay, and some support Alipay (the exchange rate is settled on the same day).
5. Vietnam consumer price reference
| project | Price (VND) | Converted to RMB |
|---|---|---|
| Regular restaurant set meal | 50,000-80,000 | 14.5-23 yuan |
| three star hotel | 600,000-1,200,000/night | 174-348 yuan |
| Taxi (10km) | 150,000-200,000 | 43-58 yuan |
| 1.5 liters of mineral water | 10,000-15,000 | 2.9-4.3 yuan |
6. Expert opinions
Financial analyst Li Ming pointed out: "In the short term, the RMB will maintain a range of 3,400-3,500 against the Vietnamese dong. It is recommended to adopt a batch strategy for large-scale exchanges and pay attention to the monetary policy report released by the Central Bank of Vietnam on the 15th of each month."
7. Risk warning
1. Avoid exchanging money through informal channels. There have been many cases of counterfeit currency recently.
2. Vietnam Customs stipulates that if you carry more than 15,000 US dollars in and out of the country, you must declare it.
3. Some merchants cheat tourists on exchange rates. It is recommended to use a meter to display the amount.
8. Forecast of future trends
According to predictions by international financial institutions, the RMB against Vietnamese Dong may show the following trends in 2024:
| quarter | prediction interval | Influencing factors |
|---|---|---|
| 2024Q1 | 3,420-3,480 | Spring Festival travel season |
| 2024Q2 | 3,380-3,450 | Vietnam export off-season |
| 2024Q3 | 3,350-3,420 | The impact of Fed policy |
If you want to obtain the real-time exchange rate, it is recommended to pay attention to the central parity rate released by the Foreign Exchange Trading Center of the People's Bank of China at 9:15 every day, or use professional foreign exchange tools to inquire. For cross-border capital transactions, please abide by the laws and regulations of both countries and plan the use of funds reasonably.
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