The central exchange rate decreased by 3 VND, the VN-Index increased by 6.60 points, or according to the State Bank's report, the lending interest rate level has decreased by about 2.5%/year in 2023... are some notable economic information on November 25.
| Review of economic information for the week of November 18-22 |
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| Economic news review |
Domestic news
Foreign exchange market, session 25/11, State Bank listed the central exchange rate at 24,292 VND/USD, slightly down 03 VND compared to the session at the end of last week.
The buying and selling prices of USD were kept unchanged by the State Bank of Vietnam at 23,400 VND/USD and 25,450 VND/USD, respectively.
On the interbank market, the dollar-dong exchange rate closed at 25,417 VND/USD, down 15 VND compared to the session on November 22.
The dollar-dong exchange rate on the free market increased by 90 VND in both buying and selling directions, trading at 25,740 VND/USD and 25,840 VND/USD.
Interbank money market, November 25, the average interbank VND interest rate increased sharply by 0.60 - 0.88 percentage points at all terms from 1 month or less compared to the session at the end of last week; specifically: overnight 5.48%; 1 week 5.53%; 2 weeks 5.58 and 1 month 5.58%. The average interbank USD interest rate increased by 0.01 percentage point at all terms, trading at: overnight 4.61%; 1 week 4.67%; 2 weeks 4.71%, 1 month 4.77%.
Government bond yields in the secondary market fluctuated in opposite directions; closing at: 3-year 1.88%; 5-year 1.96%; 7-year 2.28%; 10-year 2.76%; 15-year 2.96%.
In open market operations, on the mortgage channel, the State Bank bids VND20,000 billion, with a term of 07 days, and an interest rate of 4.0%. VND19,999.91 billion was won. VND15,000 billion matured on the mortgage channel. The State Bank bids for SBV bills with a term of 28 days, with an interest rate auction. VND500 billion was won, with an interest rate of 4.0%. VND200 billion matured.
Thus, the State Bank of Vietnam pumped a net VND4,699.91 billion into the market through the open market channel yesterday. There were VND72,999.91 billion circulating on the mortgage channel, and VND18,350 billion in treasury bills circulating on the market.
In the stock market yesterday, the ambiguity still existed, the indices could not break out. At the end of the trading session, VN-Index increased by 6.60 points (+0.54%) to 1,234.70 points; HNX-Index added 0.96 points (+0.43%) to 222.25 points; UPCoM-Index inched up 0.11 points (+0.13%) to 91.82 points. Market liquidity decreased compared to the previous session with a trading value of nearly VND 12,800 billion. Foreign investors net sold slightly less than VND 12 billion on all 3 floors.
According to the State Bank of Vietnam's report, the average lending interest rate has decreased by about 2.5%/year in 2023; in the first 10 months of this year, the average lending interest rate has decreased by 0.76%/year compared to the end of 2023. Currently, banks are implementing a series of preferential credit packages, lending at low interest rates to promote credit growth at the end of the year, with short-term lending interest rates ranging from 4.5-6.5%/year; medium and long-term interest rates below 9%/year.
By the end of October, credit had increased by about 10.08%, higher than the 7.4% increase in the same period last year. Thus, nearly VND670,000 billion will be pumped into the economy by the end of this year to achieve credit growth of 15%.
International News
The Ifo survey organization said its business confidence index in Germany was at 85.7 points in November, down from 86.5 points in October and below forecasts of 86.1 points.
Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-2511-158127-158127.html
![[Infographic] Import and export in the first half of February 2025 decreased by 7.9%](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/20/27c0060d06c84c17a06f2db0aaac5a89)
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