Economic news review on May 23

The central exchange rate increased by 4 VND, the VN-Index increased by 14.22 points, and gasoline and oil prices were slightly adjusted... are some notable economic news on May 23.

Economic news review

Domestic news

In the foreign exchange market on May 23, the State Bank listed the central exchange rate at 24,258 VND/USD, an increase of 4 VND compared to the previous session.

The State Bank of Vietnam's transaction office continues to maintain the listed USD buying and selling prices at 23,400 VND/USD and 25,450 VND/USD, respectively.

On the interbank market, the dollar-dong exchange rate closed at 25,470 VND/USD, continuing to increase slightly by 4 VND compared to the session on May 22.

The dollar-dong exchange rate on the free market increased by 70 VND for buying and 20 VND for selling, trading at 25,720 VND/USD and 25,760 VND/USD.

On May 23, the average interbank VND interest rate continued to increase sharply by 0.48 - 0.57 percentage points for all terms of 1 month or less compared to the previous session; specifically: overnight 5.18%; 1 week 5.30%; 2 weeks 5.40% and 1 month 5.46%.

The average interbank USD interest rate remained unchanged in most terms except for a decrease of 0.02 percentage points in the 1-month term, trading at: overnight 5.27%; 1 week 5.32%; 2 weeks 5.39%, 1 month 5.40%.

Government bond yields in the secondary market increased sharply across all maturities; closing at: 3-year 1.90%; 5-year 2.05%; 7-year 2.37%; 10-year 2.92%; 15-year 3.06%.

In the open market operations, on the mortgage channel, the State Bank of Vietnam bid 60,000 billion VND with a term of 14 days, the interest rate remained at 4.5%. There were 43,063.69 billion VND won bids, 48.23 billion VND matured. The State Bank of Vietnam bid 28-day SBV bills, bidding interest rates. There were 750 billion VND of bills won bids with the interest rate increased to 4.2%, 400 billion VND of bills matured.

Thus, the State Bank of Vietnam net injected VND 42,665.46 billion into the market, the volume of treasury bills circulating in the market increased to VND 56,690 billion, the volume on the mortgage channel increased to VND 71,062.77 billion.

Yesterday's stock market session, blue-chip stocks of oil and gas, steel increased... well, helping the market to be filled with green. At the end of the session, VN-Index increased positively by 14.22 points (+1.11%) to 1,281.03 points; HNX-Index added 1.76 points (+0.72%) to 246.91 points; UPCoM-Index inched up 0.47 points (+0.50%) to 95.17 points. Market liquidity decreased compared to the previous session with a trading value of nearly 27,000 billion VND. Foreign investors net bought slightly less than 44 billion VND on all 3 floors.

According to the Ministry of Industry and Trade - Ministry of Finance, gasoline and oil prices were slightly adjusted in the operating period on May 23. Specifically, E5RON92 gasoline: has a price no higher than VND 22,277/liter (an increase of VND 162/liter compared to the current base price), VND 936/liter lower than RON95-III gasoline; RON95-III gasoline: VND 23,213/liter (an increase of VND 78/liter); 0.05S diesel oil: VND 19,837/liter (a decrease of VND 36/liter); kerosene: VND 19,902/liter (a decrease of VND 6/liter); 180CST 3.5S mazut oil: VND 17,513/kg (an increase of VND 95/kg).

International news

The S&P Global survey said the US manufacturing and service sector PMI indexes were at 50.9 and 54.8 points respectively in May, up from 50.0 and 51.3 points in April, and higher than the forecast of 50.0 and 51.2 points.

Next, new home sales in the US recorded 634 thousand units last April, down from 665 thousand units in March, contrary to the forecast of an increase to 677 thousand units.

Finally, in the labor market, the number of initial jobless claims in the US in the week ending May 18 was 215 thousand, down from 223 thousand the previous week and below the forecast of 220 thousand. The average number of claims in the most recent 4 weeks was 219.75 thousand, up slightly by 1.75 thousand compared to the average of the previous 4 weeks.

The Eurozone manufacturing sector improved slightly, but the services sector did not expand much. The S&P Global survey of the Eurozone manufacturing PMI came in at 47.4 in May, up from 45.7 in the previous month and above expectations of 46.2. The services PMI came in at 53.3, flat from April and against expectations of a slight increase to 53.6.

In Germany in particular, the manufacturing and services PMIs reached 45.4 and 54.9 points respectively, both improving from April's 42.5 and 53.2 points, and both higher than forecasts of 43.4 and 53.5 points.

The UK economy saw a return to expansion in the manufacturing sector. According to S&P Global, the UK manufacturing PMI was 51.3 in May, up from 49.1 in the previous month and above the forecast of 49.5. This is the first time the UK manufacturing sector has recorded expansion (PMI above 50) since July 2022. However, the services PMI was 52.9 in May, down from 55.0 in April and below the expected 54.7.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-235-151963-151963.html