Economic news review December 26

The central exchange rate decreased by 10 VND, the VN-Index decreased by 1.17 points, or the price of gasoline and oil (except mazut) decreased by 100-460 VND per liter... are some notable economic news on December 26.

Economic news review

Domestic news

In the foreign exchange market on December 26, the State Bank listed the central exchange rate at 24,310 VND/USD, down 10 VND compared to the previous session.

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 25,437 VND/USD, up 14 VND compared to the session on December 25.

The dollar-dong exchange rate on the free market decreased by 55 VND in both buying and selling directions, trading at 25,685 VND/USD and 25,785 VND/USD.

On December 26, the interbank money market, the average interbank VND interest rate increased by 0.06 - 0.46 percentage points for all terms of 1 month or less compared to the previous session; specifically: overnight 4.74%; 1 week 5.34%; 2 weeks 5.34 and 1 month 5.38%. The average interbank USD interest rate remained unchanged for short terms while increasing by 0.01 percentage point for 2-week and 1-month terms, trading at: overnight 4.43%; 1 week 4.50%; 2 weeks 4.60%, 1 month 4.63%.

Government bond yields in the secondary market remained unchanged at most maturities except for a decrease at the 5-year term, closing at: 3-year 2.01%; 5-year 2.29%; 7-year 2.52%; 10-year 2.97%; 15-year 3.12%.

Yesterday's open market operations, on the mortgage channel, the State Bank of Vietnam bid 15,000 billion VND, 14-day term, interest rate at 4.0%. There were 14,999.93 billion VND won bids; there were 1,000 billion VND matured. The State Bank of Vietnam bid 7-day SBV bills, interest rate bidding. There were 7,500 billion VND won bids. There were 14,150 billion VND matured bills.

Thus, the State Bank of Vietnam pumped a net VND20,649.93 billion into the market through the open market channel yesterday. There were VND74,999.91 billion circulating on the mortgage channel, and VND76,353 billion in treasury bills circulating on the market.

The stock market closed the trading session on December 26 without many major fluctuations and liquidity decreased compared to recent sessions. At the end of the session, VN-Index decreased by 1.17 points (-0.09%) to 1,272.87 points; HNX-Index added 0.09 points (+0.04%) to 229.90 points; UPCoM-Index lost 0.18 points (-0.19%) to 94.41 points. Market liquidity decreased sharply with transaction value reaching nearly 15,000 billion VND. Foreign investors net sold more than 380 billion VND on all three exchanges.

Gasoline and oil prices (except fuel oil) have both decreased by 100-460 VND per liter since December 26 after adjustments by the Ministry of Industry and Trade and the Ministry of Finance. Specifically, the price of RON 95-III gasoline (a popular type on the market) decreased by 460 VND to 20,540 VND per liter; E5 RON 92 gasoline decreased by 430 VND to 19,810 VND per liter. Similarly, compared to 7 days ago, diesel oil decreased by 100 VND to 18,630 VND per liter; kerosene decreased by 260 VND to 18,700 VND per liter; fuel oil alone increased by 70 VND to 15,970 VND per kg.

International News

The US Department of Labor reported that initial jobless claims for the week ending December 20 were 219,000, down slightly from 220,000 the previous week and against expectations for a slight increase to 223,000. The four-week average stood at 226,500, up 1,000 from the previous four-week average.

Thanks to the effectiveness of recent easing policies and short-term export strength, the World Bank (WB) forecasts China's gross domestic product (GDP) will grow 4.9% this year, up from the 4.8% forecast in June. In 2025, WB forecasts China's GDP to grow only 4.1%.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-2612-159376-159376.html