Economic news review April 22

Economic news review

Domestic news

In the foreign exchange market session on April 22, the State Bank listed the central exchange rate at 24,877 VND/USD, a sharp decrease of 30 VND compared to the first session of the week.

The USD buying price is listed at 23,684 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,070 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,985 VND/USD, a sharp increase of 110 VND compared to the session on April 21.

The dollar-dong exchange rate on the free market remained unchanged in both buying and selling directions, trading at 26,090 VND/USD and 26,190 VND/USD.

On April 22, the interbank money market, the average interbank VND interest rate decreased by 0.03 - 0.09 percentage points for short terms while increasing by 0.02 percentage points for 1-month terms compared to the first session of the week, specifically: overnight 4.47%; 1 week 4.57%; 2 weeks 4.69% and 1 month 4.76%. The average interbank USD interest rate increased by 0.01 - 0.02 percentage points for all terms, trading at: overnight 4.31%; 1 week 4.37%; 2 weeks 4.42%, 1 month 4.48%.

Government bond yields in the secondary market fluctuated in opposite directions, closing at: 3-year 2.16%; 5-year 2.40%; 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 VND7,005.26 billion was won, of which VND1,658.49 billion was won for a 7-day term, VND3,946.84 billion for a 21-day term, VND1,399.93 billion for a 35-day term; there was no winning volume for a 91-day term. There was VND17,626.18 billion maturing. The State Bank did not offer SBV bills.

Thus, the State Bank of Vietnam withdrew a net VND10,620.92 billion from the market through open market operations yesterday. There were VND116,298.65 billion circulating in the mortgage channel.

Yesterday's stock market session, after a sharp drop at the beginning of the session accompanied by sudden liquidity, VN-Index witnessed bottom-fishing demand, helping the index significantly narrow the decline. At the end of the session, VN-Index decreased by 9.94 points (-0.82%) to 1,197.13 points; HNX-Index lost 3.76 points (-1.78%) to 207.71 points; UPCoM-Index fell 1.23 points (-1.35%) to 89.67 points. Market liquidity skyrocketed with a trading value of over VND36,600 billion. Foreign investors net bought more than VND522 billion on all three exchanges.

According to the Ministry of Finance , by the end of the first quarter of 2025, the number of enterprises entering and re-entering the market reached 72,943, an increase of 18.6% over the same period in 2024; the number of enterprises withdrawing from the market was 78,813, an increase of 7% over the same period in 2024. In March 2025 alone, the number of enterprises entering and re-entering the market reached 24,741, an increase of 36.5% over the same period in 2024, 2.2 times higher than the number of enterprises withdrawing from the market (11,428 enterprises). The total additional registered capital (operating enterprises and newly established enterprises) to the economy in the first quarter of 2025 reached VND 1,386,702 billion, an increase of 106.4% over the same period in 2024.

International News

IMF lowers global economic outlook. In a report released last night Vietnam time, the IMF forecasts the global economy to grow by 2.8% in 2025 (-0.5 percentage points compared to the January forecast). For developed countries, the US is forecast to grow by 1.8% (-0.9 percentage points), the Euro to grow by 0.8% (-0.2 percentage points), Japan to grow by 0.6% (-0.5 percentage points) and the UK to grow by 1.1% (-0.5 percentage points).

In developing countries, China is forecast to grow 4.0% (-0.6 percentage points), India to grow 6.2% (-0.3 percentage points) and the ASEAN5 group (Indonesia, Malaysia, Philippines, Singapore and Thailand) to grow 4.0% (-0.6 percentage points).

In addition, the IMF forecasts that global trade value will increase by only 1.7% this year (-1.5 percentage points) and average oil prices will decrease by about $15.5/barrel compared to 2024. The global consumer price index will increase by about 4.3% (+0.1 percentage points), with developed countries increasing by 2.5% (+0.4 percentage points) and developing countries increasing by 5.5% (-0.1 percentage points).

The US has taken steps to ease trade tensions with China. CNBC reported that US Treasury Secretary Scott Bessent said that President Donald Trump’s policy goal is not to separate the US and Chinese economies. Negotiating with China can be a difficult process, but neither side believes the current situation can be maintained for long.

President Trump avoided confirming that view at an event yesterday, saying that the US is doing a good job with China. However, he also said that the ideal would be for countries to work together and tariffs would be significantly reduced, but not back to zero.

The European Union's statistical office said its consumer confidence index in the Eurozone was -17 points in April, against forecasts for a flat reading of -15 points.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-224-163204-163204.html