Economic news review November 12

The central exchange rate increased by 4 VND, the VN-Index decreased by 5.50 points or the accumulated state budget revenue in 10 months is estimated at 1,654.2 trillion VND, equal to 97.2% of the estimate, up 17.3% over the same period in 2023... are some notable economic information on November 12.

Economic news review

Domestic news

In the foreign exchange market on November 12, the State Bank listed the central exchange rate at 24,267 VND/USD, a slight increase of 4 VND compared to the first session of the week.

The buying and selling prices of USD were kept unchanged by the State Bank of Vietnam at 23,400 VND/USD and 25,450 VND/USD, respectively.

On the interbank market, the dollar-dong exchange rate closed at 25,354 VND/USD, up 26 VND compared to the session on November 11.

The dollar-dong exchange rate on the free market increased by 40 VND in buying and 50 VND in selling, trading at 25,610 VND/USD and 25,520 VND/USD.

On November 12, the interbank money market, the average interbank VND interest rate increased by 0.10 - 0.16 percentage points for short terms while remaining unchanged for 1-month terms compared to the first session of the week; specifically: overnight 4.76%; 1 week 4.84%; 2 weeks 4.88 and 1 month 4.88%. The average interbank USD interest rate decreased by 0.01 - 0.02 percentage points for most terms except for the overnight term, unchanged, trading at: overnight 4.60%; 1 week 4.65%; 2 weeks 4.70%, 1 month 4.75%.

Government bond yields in the secondary market increased for 5-year and 7-year terms while remaining unchanged for the remaining terms; closing at: 3-year 1.88%; 5-year 1.93%; 7-year 2.22%; 10-year 2.73%; 15-year 2.96%.

Yesterday's open market operations, on the mortgage channel, the State Bank of Vietnam bid 15,000 billion VND, 7-day term, interest rate at 4.0%. There were 14,999.99 billion VND won bids. There were 19,999.95 billion VND maturing on the mortgage channel. The State Bank of Vietnam bid 28-day SBV bills, interest rate bidding. There were 300 billion VND won bids, interest rate decreased to 3.9%. There were 2,400 billion VND maturing bills.

Thus, the State Bank of Vietnam net withdrew VND2,899.96 billion from the market through the open market channel yesterday. There were VND69,999.94 billion circulating on the mortgage channel, and VND74,450 billion in treasury bills circulating on the market.

Yesterday's stock market session was dominated by red as the indices suffered strong selling pressure. At the end of the session, VN-Index decreased by 5.50 points (-0.44%) to 1,244.82 points; HNX-Index lost 0.17 points (-0.07%) to 226.69 points; UPCoM-Index fell by 0.01 points (-0.01%) to 92.39 points. Market liquidity decreased with a trading value of over VND15,300 billion. Foreign investors continued to net sell nearly VND680 billion on all three exchanges.

According to the report of the Ministry of Finance , the accumulated state budget revenue in the first 10 months is estimated at 1,654.2 trillion VND, equal to 97.2% of the estimate, up 17.3% over the same period in 2023. Of which, domestic revenue is estimated at 1,377.6 trillion VND, equal to 95.4% of the estimate, up 18.1% over the same period in 2023; balanced revenue from import-export activities is estimated at 227.2 trillion VND, equal to 111.4% of the estimate, up 18.9%. Cumulative state budget expenditure in the first 10 months reached about 1,399.7 trillion VND, equal to 66% of the estimate, up 4.1% over the same period in 2023. Of which, development investment expenditure is estimated at about 355.6 trillion VND, equal to 52.5% of the estimate decided by the National Assembly, the disbursement rate is estimated at 52.29% of the plan assigned by the Prime Minister.

International News

The UK Office for National Statistics (ONS) said the number of unemployment benefit claims in the UK increased by 26.7 thousand in October, higher than the previous month's 10.1 thousand, but lower than the forecast of 30.5 thousand. The unemployment rate in the country also increased to 4.3% last month from 4.0% in September, surpassing the forecast of 4.1%, and at the same time the highest unemployment rate since June 2024. Finally, the income of British workers increased by 4.3% compared to the same period in the 3 months from August to October 2024, more positive than the forecast of only 3.9% increase as the result of the 3 months from July to September 2024.

The ZEW survey organization said the economic confidence index in Germany reached only 7.4 points in November, down from 13.1 points in October, contrary to the forecast of a slight increase to 13.2 points.

Today, the market awaits the US consumer price index (CPI) data, to be released at 20:30 Vietnam time.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-1211-157723-157723.html