Economic news review April 21

Economic news review

Domestic news

In the foreign exchange market session on April 21, the State Bank listed the central exchange rate at 24,907 VND/USD, an increase of 9 VND compared to the session at the end of last week.

The USD buying price is listed at 23,712 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,102 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,875 VND/USD, down 75 VND compared to the session on April 18.

The dollar-dong exchange rate on the free market increased by 80 VND for buying and 70 VND for selling, trading at 26,090 VND/USD and 26,190 VND/USD.

On April 21, the interbank money market, the average interbank VND interest rate increased sharply by 0.14 - 0.38 percentage points for all terms from 1 month or less compared to the session at the end of last week, specifically: overnight 4.56%; 1 week 4.62%; 2 weeks 4.72% and 1 month 4.74%. The average interbank USD interest rate decreased by 0.01 percentage point for the overnight term while increasing by 0.01 percentage point for the 1 week term and remaining unchanged for the remaining terms, trading at: overnight 4.30%; 1 week 4.36%; 2 weeks 4.40%, 1 month 4.45%.

Government bond yields in the secondary market increased slightly for 5-year and 10-year terms while remaining unchanged for the remaining terms, closing at: 3-year 2.17%; 5-year 2.39%; 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 21-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 VND20,437.16 billion was won, of which VND9,495.15 billion was won for a 7-day term, VND9,458.77 billion for a 21-day term, VND1,483.24 billion for a 35-day term; there was no winning volume for a 91-day term. There was VND4,027.59 billion maturing. The State Bank did not offer SBV bills.

Thus, the State Bank of Vietnam net injected VND16,409.57 billion into the market through open market operations yesterday. There were VND126,919.57 billion circulating on the mortgage channel.

Yesterday, the stock market saw all indices drop in points along with a significant drop in liquidity in yesterday's session, showing that investors were quite cautious in trading. At the end of the session, VN-Index dropped sharply by 12.05 points (-0.99%) to 1,207.07 points; HNX-Index lost 1.63 points (-0.76%) to 211.47 points; UPCoM-Index fell 0.40 points (-0.44%) to 90.90 points. Market liquidity was low with a trading value of over VND20,000 billion. Foreign investors net bought slightly less than VND126 billion on all three exchanges.

According to statistics from the Customs Department, in the first period of April 2025, the country's trade balance of goods had a trade deficit of 1.94 billion USD, and the cumulative trade surplus from the beginning of the year to April 15 was 1.27 billion. Specifically, from April 1 to 15, export turnover reached 16.75 billion USD, import reached 18.69 billion. Accumulated from January 1 to April 15, export turnover reached 119.62 billion USD, import reached 118.35 billion; total import-export turnover reached 237.97 billion USD.

International News

In yesterday's session on April 21, the People's Bank of China (PBoC) announced the 1-year and 5-year LPR loan prime rates at 3.1% and 3.6% respectively, unchanged from the previous session and in line with market expectations. There were mixed opinions on the PBoC's decision. Some experts said that the economy in the first quarter was relatively positive, and the CNY was under pressure to depreciate, which was the main reason why the PBoC did not cut interest rates further this month.

However, others say that China's economy will be affected by US tariffs starting in April, and the PBoC should further ease monetary policy to stimulate domestic consumption and support businesses that will face difficulties in the new import-export environment. Also yesterday, Beijing announced that it would take countermeasures against countries that make concessions, make deals with the US and harm China's interests.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-214-163133-163133.html