Economic news review June 13

The central exchange rate decreased by 9 VND, the VN-Index increased slightly by 1.32 points, and the prices of RON 95 and E5 RON 92 gasoline both increased... are some notable economic news on June 13.

Economic news review

Domestic news

In the foreign exchange market session on June 13, the State Bank listed the central exchange rate at 24,245 VND/USD, down 9 VND compared to the previous session.

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

On the interbank market, the dollar-dong exchange rate closed at 25,445 VND/USD, up 5 VND compared to the session on June 12.

The dollar-dong exchange rate on the free market increased by 35 VND in buying and 5 VND in selling, trading at 25,705 VND/USD and 25,785 VND/USD.

On June 13, the average interbank VND interest rate increased by 0.02 - 0.03 percentage points for short terms while decreasing by 0.01 percentage point for 1-month terms compared to the previous session; specifically: overnight 4.60%; 1 week 4.70%; 2 weeks 4.80% and 1 month 4.92%.

The average interbank USD offering interest rate remained unchanged at overnight and 2-week terms while decreasing by 0.02 percentage points at 1-week and 1-month terms, trading at: overnight 5.28%; 1-week 5.31%; 2-week 5.39%, 1-month 5.40%.

Government bond yields in the secondary market decreased in most maturities except for the 3-year maturities, which were unchanged; closing at: 3-year 1.90%; 5-year 1.99%; 7-year 2.28%; 10-year 2.80%; 15-year 2.99%.

In open market operations, on the mortgage channel, the State Bank of Vietnam bid 3,000 billion VND, 7-day term, interest rate kept at 4.5%. There were 550.7 billion VND won bids, no maturity volume. The State Bank of Vietnam bid 28-day term SBV bills, interest rate bidding. There were 2,650 billion VND won bids with interest rate kept at 4.25%, there were 650 billion VND maturity bills.

Thus, the State Bank of Vietnam net withdrew VND 1,449.3 billion from the market, the volume of treasury bills circulating in the market was VND 71,110 billion, the volume on the mortgage channel was VND 3,723.37 billion.

The stock market continued to struggle yesterday. At the end of the session, VN-Index increased slightly by 1.32 points (+0.10%) to 1,301.51 points; HNX-Index added 0.05 points (+0.02%) to 248.36 points; UPCoM-Index decreased by 0.12 points (-0.12%) to 99.02 points. Market liquidity decreased slightly with a trading value of nearly VND 25,600 billion. Foreign investors net sold nearly VND 1,400 billion on all three exchanges.

From the afternoon of June 13, the Ministry of Industry and Trade - Ministry of Finance adjusted gasoline prices periodically, accordingly, the prices of RON 95 gasoline and E5 RON 92 gasoline both increased. Specifically, the price of RON 95 gasoline increased by 260 VND/liter compared to the previous adjustment period, priced at 22,230 VND/liter; E5 RON 92 gasoline increased by 170 VND/liter compared to the previous adjustment period, priced at 21,310 VND/liter. Prices of some oil products increased and some decreased. Diesel oil increased by 220 VND/liter, priced at 19,640 VND/liter; kerosene has a new price of 19,850 VND/liter (up 300 VND/liter); mazut oil decreased by 400 VND/kg, priced at 16,880 VND/kg.

International News

The US Bureau of Labor Statistics reported that the producer price index (PPI) and core PPI in the US fell 0.2% month-on-month and were flat in May after rising 0.5% in the previous month, both weaker than forecasts of 0.1% and 0.3% increases, respectively. Compared to the same period in 2023, the headline PPI and core PPI increased 2.2% and 3.2%, respectively, unchanged from the 2.3% and 3.2% increases in April.

Next, in the labor market, the number of initial unemployment benefits in the US in the week ending June 8 was 242 thousand, up from 229 thousand the previous week and at the same time higher than the forecast of 225 thousand. The average number of applications in the last 4 weeks was 227 thousand, up 4.75 thousand compared to the previous 4 weeks.

The Australian Bureau of Statistics (ABS) said the country created 39.7 thousand new jobs in May, up from 37.4 thousand the previous month and significantly higher than the forecast of 30.5 thousand. This is the second consecutive month of job growth in Australia, after a slight decline of 6.6 thousand in March. Australia still created about 123 thousand new jobs since the beginning of the year.

Next, Australia's unemployment rate fell slightly to 4.0% last month from 4.1% in April, matching experts' expectations.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-136-152598-152598.html