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| Economic news review |
Domestic news
In the foreign exchange market session on April 23, the State Bank listed the central exchange rate at 24,897 VND/USD, an increase of 20 VND compared to the previous session.
The USD buying price is listed at 23,703 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,091 VND/USD, 50 VND lower than the ceiling rate.
On the interbank market, the dollar-dong exchange rate closed at 26,012 VND/USD, up 27 VND compared to the session on April 22.
The dollar-dong exchange rate on the free market increased by 60 VND in both buying and selling directions, trading at 26,380 VND/USD and 26,480 VND/USD.
On April 23, the interbank money market, the average interbank VND interest rate decreased by 0.03 - 0.50 percentage points for all terms from 1 month or less compared to the previous session, specifically: overnight 3.97%; 1 week 4.53%; 2 weeks 4.63% and 1 month 4.73%. The average interbank USD interest rate increased by 0.01 - 0.02 percentage points for most terms except for a decrease of 0.01 percentage points for the overnight term, trading at: overnight 4.30%; 1 week 4.38%; 2 weeks 4.44%, 1 month 4.49%.
Government bond yields in the secondary market increased across all maturities, closing at: 3-year 2.17%; 5-year 2.40%; 7-year 2.76%; 10-year 3.04%; 15-year 3.20%.
In yesterday's open market operations, on the mortgage channel, the State Bank offered VND10,000 billion for 14-day terms, VND10,000 billion for 21-day terms, VND5,000 billion for 35-day terms and VND3,000 billion for 91-day terms, with interest rates all at 4.0%. A total of VND7,542.05 billion was won, of which VND6,021.65 billion was won for 14-day terms and VND1,520.4 billion for 21-day terms; there was no winning volume for the remaining two terms. There was VND8,389.15 billion maturing. The State Bank did not offer SBV bills.
Thus, the State Bank of Vietnam withdrew a net VND847.10 billion from the market through open market operations yesterday. There were VND115,451.55 billion circulating in the mortgage channel.
On the bond market on April 23, the State Treasury successfully bid VND8,357 billion/VND12,500 billion of government bonds called for bid (winning rate reached 67%). Of which, the 5-year and 15-year terms mobilized the entire bid volume, respectively VND2,000 billion and VND1,000 billion. The 10-year term mobilized VND5,305 billion/VND9,000 billion called for bid and the 30-year term mobilized VND52 billion/VND500 billion called for bid. The winning interest rate for the 5-year term was 2.26% (+0.11 percentage points compared to the previous auction), the 10-year term was 3.03% (+0.03 percentage points), the 15-year term was 3.10% (+0.02 percentage points) and the 30-year term was 3.28% (unchanged).
Yesterday's stock market session, optimism returned, green covered the market. At the end of the session, VN-Index increased sharply by 13.87 points (+1.16%) to 1,211.00 points; HNX-Index added 3.74 points (+1.80%) to 211.45 points; UPCoM-Index inched up 1.79 points (+2.00%) to 91.46 points. Market liquidity narrowed with a transaction value of over VND 20,300 billion. Foreign investors net sold slightly VND 82 billion on all 3 floors.
According to the Ministry of Finance , in March 2025, the Government's domestic and foreign loans reached about VND 53,946 billion, of which loans to the central budget were about VND 53,811 billion, and loans for re-lending were about VND 135 billion. In the first 3 months of 2025, domestic and foreign loans were withdrawn at about VND 105,007 billion, of which loans to the central budget were about VND 102,255 billion (reaching 12.9% of the estimate approved by the National Assembly), loans for re-lending were about VND 2,752 billion.
In March 2025, the total debt repayment of the government was about 59,686 billion VND, of which the debt repayment of the central budget was about 57,661 billion VND, and the debt repayment for re-lending was about 2,025 billion VND. In the first 3 months of 2025, the total debt repayment of the government was about 118,170 billion VND, of which the debt repayment of the central budget was about 111,696 billion VND (reaching 23.8% of the estimate approved by the National Assembly), and the debt repayment for re-lending was about 6,474 billion VND.
International News
Last night, April 23, Vietnam time, The Wall Street Journal reported that the US government is considering cutting tariffs on China to 50-65%. Previously, on April 22, Mr. Trump himself mentioned his willingness to cut tariffs on Chinese goods, but not to 0%.
S&P Global said the US manufacturing PMI rose to 50.7 in April from 50.2 in March and beat expectations for a drop to 49.2. However, the services PMI fell to 51.4 this month from 54.4 in the previous month, below expectations for a reading of 52.8.
The Eurozone construction PMI came in at 48.7 in April, up slightly from 48.6 in the previous month and against expectations of a decline to 47.4, according to S&P Global. The services sector, on the other hand, weakened sharply, with the PMI falling to 49.7 in April from 51.0 in March, below the neutral 50.0 mark, marking the first contraction since November 2024.
S&P Global's manufacturing PMI fell slightly to 44.0 in April from 44.9 in the previous month, matching analysts' forecasts, while the services PMI fell sharply to 48.8 from 50.9 in March, below the forecast of 50.3.
Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-234-163265-163265.html
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