Economic news review April 2

Economic information review

Domestic news

In the foreign exchange market session on April 2, the State Bank listed the central exchange rate at 24,851 VND/USD, a sharp increase of 16 VND compared to the previous session.

The USD buying price was listed at 23,659 VND/USD, 50 VND higher than the floor rate; while the USD selling price was listed at 26,043 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,630 VND/USD, down 10 VND compared to the session on April 1.

The dollar-dong exchange rate on the free market decreased by 10 VND in both buying and selling directions, trading at 25,840 VND/USD and 25,910 VND/USD.

On April 2, the interbank money market, the average interbank VND interest rate decreased sharply by 0.14 - 0.48 percentage points in all terms of 1 month or less compared to the previous session, specifically: overnight 4.04%; 1 week 4.30%; 2 weeks 4.48% and 1 month 4.58%. The average interbank USD interest rate decreased by 0.01 - 0.04 percentage points in all terms, trading at: overnight 4.29%; 1 week 4.35%; 2 weeks 4.41%, 1 month 4.46%.

Government bond yields in the secondary market remained unchanged for the 3-year term while decreasing for the 5-year and 10-year terms, increasing for the remaining terms, closing at: 3-year 2.16%; 5-year 2.29%; 7-year 2.67%; 10-year 2.96%; 15-year 3.16%.

Yesterday, in the open market operations, on the mortgage channel, the State Bank offered VND20,000 billion for 7-day term, VND20,000 billion for 14-day term, VND10,000 billion for 28-day term and VND5,000 billion for 91-day term, all at 4.0%. There were VND222.29 billion in winning bids for 7-day term and VND1,161.23 billion for 14-day term, no winning bids for the remaining terms; there were VND5,047.67 billion maturing. The State Bank did not offer SBV bills.

Thus, the State Bank of Vietnam withdrew a net VND3,664.15 billion from the market through open market operations yesterday. There were VND95,237.69 billion circulating on the mortgage channel; there were no treasury bills circulating on the market.

On April 2, the State Treasury successfully bid for VND6,310 billion/VND14,000 billion of government bonds (winning rate reached 45%). Of which, the 10-year term mobilized VND6,250 billion/VND12,500 billion of bonds and the 30-year term mobilized VND60 billion/VND500 billion of bonds. The 5-year and 15-year terms each called for VND500 billion but there was no winning volume in either term. The winning interest rate for the 10-year term was 2.98% (+0.02 percentage points compared to the previous auction) and the 30-year term was 3.28% (unchanged).

The stock market remained green yesterday but the increase has decreased. At the end of the session, VN-Index increased slightly by 0.50 points (+0.04%) to 1,317.83 points; HNX-Index added 1.72 points (+0.72%) to 238.13 points; UPCoM-Index increased by 0.17 points (+0.17%) to 98.64 points. Market liquidity improved with a transaction value of over VND20,450 billion. Foreign investors net sold nearly VND800 billion on all three exchanges.

According to a report from the Vietnam Bond Market Association (VBMA), as of March 28, 2025, there were 5 corporate bond issuances in March, with a total value of VND 10,699 billion. Accumulated from the beginning of 2025, the total value of corporate bond issuance reached VND 18,604 billion. Of which, there were 9 public issuances with a total value of VND 18,104 billion, accounting for 97.3% of the total issuance value; 1 private issuance worth VND 500 billion, accounting for 2.7%.

International news

Early this morning, Vietnam time, US President Donald Trump announced that he would apply a basic tax rate of 10% on all imports into the US, while increasing taxes on some of the country's largest trading partners. In his speech, President Trump presented a list of "reciprocal" tariffs with major partners.

Of which, tariffs with China are recorded at 34%, the European Union 20%, Taiwan (China) 32%, Japan 24%, India 26%, South Korea 25%, Thailand 36%, Switzerland 31%...

The list released by Mr. Trump also makes an argument for reciprocal tariffs, which are tariffs that other economies are imposing on American goods.

The ADP survey said the US created 155 thousand new non- farm jobs in March, higher than February's 84 thousand (up from 77 thousand according to preliminary statistics), and also higher than the expected 118 thousand.

Next, the US Census Bureau announced that the value of factory orders in the country increased 0.6% compared to the previous month in February, following a 1.8% increase in the previous month, nearly matching the forecast of a 0.5% increase.

The Australian Bureau of Statistics said that the number of approved applications in February was just 16,600, down 0.3% from the previous month after rising 6.9% in the previous month, but still less than the forecast 1.4% decline. Compared to the same period in 2024, this still showed a strong increase of 25.7%.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-24-162195-162195.html