Economic news review April 14

Economic news review

Domestic news

In the foreign exchange market session on April 14, the State Bank listed the central exchange rate at 24,886 VND/USD, a sharp decrease of 37 VND compared to the session at the end of last week.

The USD buying price is listed at 23,692 VND/USD, 50 VND higher than the floor rate; while the USD buying price is listed at 26,080 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,829 VND/USD, up 79 VND compared to the session on April 11.

The dollar-dong exchange rate on the free market remained unchanged at buying while increasing by 10 dong at selling, trading at 26,020 VND/USD and 26,130 VND/USD.

On April 14, the interbank money market, the average interbank VND interest rate increased by 0.01 - 0.02 percentage points for short terms while decreasing by 0.01 - 0.02 percentage points for 2-week and 1-month terms compared to the session at the end of last week, specifically: overnight 4.10%; 1 week 4.34%; 2 weeks 4.48% and 1 month 4.62%. The average interbank USD interest rate remained unchanged for overnight and 2-week terms while increasing by 0.01 - 0.03 percentage points for the remaining terms, trading at: overnight 4.30%; 1 week 4.39%; 2 weeks 4.44%, 1 month 4.51%.

Government bond yields in the secondary market remained unchanged at most maturities except for an increase at the 5-year term, closing at: 3-year 2.17%; 5-year 2.38%; 7-year 2.73%; 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 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 all at 4.0%. A total of VND17,301.95 billion was won, of which VND4,027.59 billion was won for a 7-day term, VND9,122.31 billion for a 14-day term, VND4,152.05 billion for a 35-day term; there was no winning volume for a 91-day term. There was VND10,327.58 billion maturing. The State Bank did not offer SBV bills.

Thus, the State Bank of Vietnam net injected VND6,974.37 billion into the market through open market operations yesterday. There were VND125,840.94 billion circulating on the mortgage channel; there were no treasury bills circulating on the market.

Yesterday's stock market session, although investor sentiment became significantly cautious after the previous two strong recovery sessions, the buyers still dominated, the market continued to increase points. At the end of the trading session, VN-Index increased by 18.98 points (+1.55%) to 1,241.44 points; HNX-Index increased by 1.66 points (+0.78%) to 215.00 points; UPCoM-Index decreased by 1.49 points (-1.60%) to 91.76 points. Market liquidity was quite high with a trading value of nearly VND 26,200 billion. Foreign investors net sold more than VND 180 billion on all three exchanges.

According to the March 2025 bond report of the Vietnam Bond Market Association (VBMA), in the first quarter of 2025, the total value of government bonds issued through auction reached VND110,440 billion, completing 99.5% of the first quarter plan (VND111,000 billion) and equivalent to 22% of the yearly plan (VND500,000 billion). The average issuance term in March reached 9.82 years, with an average winning interest rate of 2.91%/year.

International News

In a recently released report, the International Monetary Fund (IMF) said that geopolitical and economic fluctuations are evolving relatively quickly and complexly. These factors, in a negative scenario, could cause panic and collapse in the stock market. According to the IMF, risk indicators have increased significantly compared to the recent peak in 2022. The agency recommends that financial institutions maintain liquidity to cope with unexpected shocks.

In addition, institutions can also reassess their portfolios and rebalance risky assets. In April, the market awaits the IMF's detailed report on the world economic outlook, which will be released on April 23, Vietnam time. Experts believe that the world economic outlook will be sharply downgraded in this forecast, compared to the 3.3% increase in the January 2025 forecast.

China's National Bureau of Statistics said exports rose 12.4 percent year-on-year in March, beating Reuters' forecast of a 4.4 percent increase. Imports rose 4.4 percent year-on-year last month, beating the 2.0 percent increase forecast. China's trade surplus in March was $102.6 billion, down from a $170.5 billion surplus the previous month but still better than the $74.3 billion surplus expected.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-144-162761-162761.html