How much Vietnamese dong is 1 yuan? ——Exchange rate dynamics and analysis of recent hot topics
Recently, the exchange rate fluctuations between the RMB and the Vietnamese Dong have attracted widespread attention. As China-Vietnam economic and trade exchanges become increasingly close, exchange rate changes directly affect cross-border trade, tourism consumption and other scenarios. This article will combine the hot topics on the Internet in the past 10 days to provide you with the latest exchange rate data and hot content analysis.
1. The latest exchange rate of RMB against Vietnamese Dong (as of October 2023)
| currency pair | exchange rate | Update time |
|---|---|---|
| 1 CNY → VND | 3,450 - 3,480 | 2023-10-15 |
| 100 CNY → VND | 345,000-348,000 | 2023-10-15 |
Note: Actual exchange requires reference to real-time quotes from banks or foreign exchange institutions. The above is the market mid-price range.
2. Recent hot events affecting exchange rates
1.Vietnam’s economic growth is impressive: In the third quarter of 2023, Vietnam's GDP increased by 5.33% year-on-year. The recovery of the manufacturing industry drove the inflow of foreign investment and increased demand for Vietnamese dong.
2.China-Vietnam border trade heats up: The import and export volume of Guangxi Pingxiang Port increased by 22% year-on-year, and RMB accounted for 75% of border settlements.
3.Chinese tourists visiting Vietnam surge: Data from the Vietnamese Ministry of Culture shows that the number of Chinese tourists during the National Day holiday in 2023 doubled year-on-year, and exchange demand pushed up the Vietnamese dong exchange rate.
3. Comparison of historical trends of RMB against Vietnamese Dong
| time period | Average exchange rate (1 CNY→VND) | Fluctuation range |
|---|---|---|
| All year 2022 | 3,420 | ±2.1% |
| Q1-Q3 2023 | 3,460 | ±3.5% |
4. Practical exchange suggestions
1.Bank channel: Bank of China, Industrial and Commercial Bank of China, etc. provide cash exchange, and the exchange rate is better than that at the airport counter.
2.digital payment: Major cities in Vietnam support WeChat/Alipay consumption and automatic settlement based on real-time exchange rates.
3.A Guide to Avoiding Pitfalls: Avoid black market exchange on the street. The reference exchange rate at regular exchange points in Hanoi/Ho Chi Minh City is 3,440-3,470.
5. Extend hot topics
1.Vietnam’s e-commerce market explodes: TikTok Shop Vietnam’s single-day GMV exceeded US$10 million. Chinese sellers need to pay attention to exchange rate costs.
2.Industry transfer trend: Samsung Vietnam factory expansion, electronic components trade promotes large demand for foreign exchange settlement.
3.cultural export effect: The number of Chinese film and television dramas broadcast in Vietnam has increased by 300% year-on-year, and derivatives transactions have driven small-amount foreign exchange exchanges.
Conclusion
Currently, 1 yuan is exchanged for about 3,450-3,480 Vietnamese Dong. The exchange rate is showing a moderate upward trend due to multiple factors. It is recommended that users in need pay attention to the central bank’s policy trends and Vietnam’s economic data, and choose formal channels for exchange. The deepening of bilateral cooperation between China and Vietnam will continue to inject new momentum into the exchange rate market.
(The full text is about 850 words in total, data sources: public data from China Foreign Exchange Trading Center, State Bank of Vietnam, and General Administration of Customs)
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