(VOVworld) – The Vietnamese central bank announced Tuesday that it will increase the interbank exchange rate between the Vietnamese dong (VND) and the US dollar (USD) 1% on Wednesday. The State Bank of Vietnam said on its website that the interbank average exchange rate will increase from 21, 246 VND/USD to 21,458 VND/USD. Vietinbank General Director Le Duc Tho hailed the adjustment, saying it will create trust for the market and is an important factor in making Vietnam’s monetary development more transparent and sustainable. State Bank of Vietnam Deputy Governor Nguyen Thi Hong told VOV: "The adjustment is implemented to realize a recent government resolution on tasks and solutions to fulfill the country's socio- economic development plan and budget estimate for 2015. The state bank is responsible for actively managing monetary policy to control inflation, secure macro-economic stability, and boost economic growth.” Ms. Hong said the State Bank of Vietnam will closely follow future market developments to ensure the implementation of solutions to stabilize the foreign currency market and exchange rates after the new exchange rate has been applied.