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| Economic news review |
Domestic news
In the foreign exchange market on April 24, the State Bank listed the central exchange rate at 24,928 VND/USD, a sharp increase of 31 VND compared to the previous session.
The USD buying price is listed at 23,732 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,124 VND/USD, 50 VND lower than the ceiling rate.
On the interbank market, the dollar-dong exchange rate closed at 26,043 VND/USD, up 31 VND compared to the session on April 23.
The dollar-dong exchange rate on the free market decreased by 30 VND in both buying and selling directions, trading at 26,350 VND/USD and 26,450 VND/USD.
On April 24, the interbank money market, the average interbank VND interest rate decreased sharply by 0.12 - 0.64 percentage points for all terms from 1 month or less compared to the previous session, specifically: overnight 3.33%; 1 week 4.31%; 2 weeks 4.47% and 1 month 4.61%. The average interbank USD interest rate decreased by 0.01 - 0.02 percentage points for most terms except for the overnight term, trading at: overnight 4.30%; 1 week 4.37%; 2 weeks 4.42%, 1 month 4.48%.
Government bond yields in the secondary market increased in most maturities while remaining unchanged in the 3-year term, closing at: 3-year 2.17%; 5-year 2.43%; 7-year 2.78%; 10-year 3.08%; 15-year 3.21%.
In yesterday's open market operations, on the mortgage channel, the State Bank offered VND10,000 billion for 14-day term, VND10,000 billion for 21-day term, VND5,000 billion for 35-day term and VND3,000 billion for 91-day term, all at 4.0%. There were VND6,114.01 billion in winning bids for 14-day term; there was no winning bid volume for the remaining three terms. There were VND12,190.80 billion maturing. The State Bank did not offer SBV bills.
Thus, the State Bank of Vietnam withdrew a net VND6,076.79 billion from the market through yesterday's open market operations. There were VND109,374.76 billion circulating in the mortgage channel.
The stock market yesterday was motivated by the congress season and the closing date of the KRX operation, VN-Index recovered strongly. At the end of the session, VN-Index increased by 12.35 points (+1.02%) to 1,223.35 points; HNX-Index decreased by 0.38 points (-0.18%) to 211.07 points; UPCoM-Index increased by 0.37 points (+0.40%) to 91.83 points. Market liquidity continued to decrease with a transaction value of over VND 19,100 billion. Foreign investors net bought more than VND 533 billion on all 3 floors.
Gasoline and oil prices increased by 490-780 VND/liter from April 24 after adjustments by the Ministry of Industry and Trade and the Ministry of Finance. Accordingly, the price of RON 95-III gasoline (a popular type on the market) increased by 780 VND/liter, to 19,630 VND/liter; the price of E5 RON 92 gasoline increased by 740 VND/liter, to 19,230 VND/liter; the price of diesel increased by 490 VND/liter, to 17,520 VND/liter; the price of kerosene increased by 530 VND/liter, to 17,710 VND/liter; the price of fuel oil increased by 560 VND/kg, to 16,520 VND/kg.
International News
Core durable goods orders in the U.S. were flat in March after rising 0.7% in the previous month, compared with forecasts for a 0.3% increase. However, overall durable goods orders rose 9.2% month-over-month last month, up from February's 0.9% gain and well above expectations for a 2.1% gain.
Next, in the real estate market, sales of old houses in the US reached 4.02 million units in March, lower than the 4.27 million units in February and lower than the forecast of 4.14 million units.
Finally, in the labor market, initial jobless claims for the week ending April 19 were 222,000, up slightly from 216,000 the previous week and in line with expectations. The four-week average was 220,500, up slightly by 0.75 thousand from the previous four weeks.
The Ifo survey said its German business confidence index stood at 86.9 points in April, up slightly from 86.7 points the previous month and against forecasts of a drop to 85.1 points. The main reason for the market's optimism was that German parties agreed in March to increase the national debt sharply to boost the weak economy.
Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-244-163338-163338.html
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