Economic news review May 6

Economic news review

Domestic news

In the foreign exchange market on May 6, the State Bank listed the central exchange rate at 24,938 VND/USD, down 6 VND compared to the first session of the week.

The USD buying price is listed at 23,742 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,134 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,962 VND/USD, up 9 VND compared to the session on May 5.

The free market dollar-dong exchange rate remained unchanged in both buying and selling directions, trading at 26,430 VND/USD and 26,530 VND/USD.

On the interbank money market on May 6, the average interbank VND interest rate decreased by 0.03 - 0.04 percentage points for short terms while remaining unchanged for the 2-week term and increasing by 0.02 percentage points for the 1-month term compared to the first session of the week, specifically: overnight 4.18%; 1 week 4.36%; 2 weeks 4.46% and 1 month 4.56%. The average interbank USD interest rate remained unchanged for overnight and 1-week terms while increasing by 0.01 percentage point for the 2-week term and decreasing by 0.01 percentage point for the 1-month term, trading at: overnight 4.30%; 1 week 4.37%; 2 weeks 4.43%, 1 month 4.47%.

Government bond yields in the secondary market fluctuated slightly, closing at: 3-year 2.17%; 5-year 2.44%; 7-year 2.77%; 10-year 3.08%; 15-year 3.22%.

In the past open market operations, on the mortgage channel, the State Bank of Vietnam offered VND10,000 billion for a 7-day term, VND10,000 billion for a 14-day term, VND5,000 billion for a 35-day term and VND3,000 billion for a 91-day term, with interest rates at 4.0%. There were VND2,413.94 billion in winning bids for the 7-day and 14-day terms; there was no winning bid volume for the remaining terms. There were VND2,164.18 billion maturing. The State Bank of Vietnam did not offer SBV bills.

Thus, the State Bank of Vietnam net injected VND249.76 billion into the market through open market operations yesterday. There were VND86,515.76 billion circulating in the mortgage channel.

The stock market closed yesterday after a positive increase in the morning session, stocks were divided in the afternoon session, all 3 indices narrowed their increase. At the end of the session, VN-Index increased by 1.90 points (+0.15%) to 1,241.95 points; HNX-Index inched up 0.08 points (+0.04%) to 212.89 points; UPCoM-Index added 0.56 points (+0.61%) to 92.94 points. Market liquidity improved with a trading value of over VND17,500 billion. Foreign investors net bought slightly more than VND45 billion on all 3 floors yesterday.

According to the General Statistics Office, Ministry of Finance , the CPI in April 2025 increased by 0.07% compared to the previous month, due to increased rental prices, food prices and eating out. CPI in April 2025 increased by 1.37% compared to December 2024; increased by 3.12% compared to the same period last year. On average, in the first 4 months of 2025, CPI increased by 3.2% compared to the same period last year; core inflation increased by 3.05%.

International News

The US trade deficit hit a record high in March. The US trade deficit rose 14% to $140.5 billion in March, the Commerce Department's Bureau of Economic Analysis reported, the highest level ever, and deeper than the market forecast of a deficit of $136.8 billion. In February, the revised figure was $123.2 billion.

Specifically, in March, the total import value of the month increased by 4.4% to a record high of 419 billion USD. On the contrary, exports increased only slightly by 0.2%, reaching 278.5 billion USD, also a record high.

According to the survey results of S&P Global, the official service sector PMI index in the Eurozone and Germany was 50.1 points and 49.0 points respectively in April, both positive compared to the preliminary figures of 49.7 and 48.8 points. The index in March was 50.0 points and 50.9 points respectively. Similarly, the official service sector PMI in the UK also increased from the preliminary 48.9 points to 49.0 points in April, but decreased sharply from the 52.5 points in March.

The Caixin/S&P Global Services Purchasing Managers' Index (PMI) for China fell to 50.7 in April from 51.9 in March, just below the 50-point mark that separates expansion from contraction. The Caixin composite PMI, which includes both manufacturing and services, fell to 51.1 in April from 51.8 in March.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-65-163792-163792.html