Economic news review March 31

Economic news review

Domestic news

In the foreign exchange market on March 31, the State Bank listed the central exchange rate at 24,837 VND/USD, down 6 VND compared to the session at the end of last week.

The USD buying price is listed at 23,646 VND/USD, 50 VND higher than the floor rate; while the USD selling price is listed at 26,028 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,590 VND/USD, a slight increase of 6 VND compared to the session on March 28.

The dollar-dong exchange rate on the free market remained unchanged in both buying and selling directions, trading at 25,860 VND/USD and 25,960 VND/USD.

On March 31, the average interbank VND interest rate increased sharply by 0.16 - 1.12 percentage points in all terms of 1 month or less compared to the session at the end of last week, specifically: overnight 4.70%; 1 week 4.80%; 2 weeks 4.78% and 1 month 4.78%.

The average interbank USD interest rate remained unchanged for the overnight term while increasing by 0.01 - 0.03 percentage points for the remaining terms, trading at: overnight 4.30%; 1 week 4.37%; 2 weeks 4.44%, 1 month 4.48%.

Government bond yields in the secondary market decreased in most maturities except for the 3-year maturities, closing at: 3-year 2.16%; 5-year 2.29%; 7-year 2.66%; 10-year 2.96%; 15-year 3.16%.

In yesterday's open market operations, on the mortgage channel, the State Bank offered VND20,000 billion for 8-day terms, VND20,000 billion for 14-day terms, VND10,000 billion for 28-day terms and VND5,000 billion for 91-day terms, with interest rates all at 4.0%. There were VND19,720.76 billion in winning bids for 8-day terms and VND10,327.58 billion for 14-day terms, no winning bids for 28-day and 91-day terms; VND18,147.58 billion maturing. The State Bank did not offer SBV bills.

Thus, the State Bank of Vietnam net injected VND11,901.30 billion into the market through open market operations yesterday. There were VND93,549.12 billion circulating on the mortgage channel; there were no treasury bills circulating on the market.

The stock market had a negative first session of the week, all three indices closed in red. At the end of the session, VN-Index dropped sharply by 10.60 points (-0.80%) to 1,306.86 points; HNX-Index lost 3.14 points (-1.32%) to 235.06 points; UPCoM-Index fell 0.57 points (-0.58%) to 98.05 points. Market liquidity was quite high, with a transaction value of over VND22,600 billion. Foreign investors net sold more than VND1,246 billion on all three exchanges.

According to the report of the Ministry of Finance, the estimated disbursement of public investment capital in 2025 by the end of March was VND 78,712 billion, reaching 8.98% of the plan, reaching 9.53% of the plan assigned by the Prime Minister. Of which, the National Target Program is VND 3,638.8 billion (reaching 16.57% of the plan assigned by the Prime Minister). The estimated disbursement rate in the first 3 months of the year is lower than the same period last year (the same period in 2024 reached 11.64% of the plan and reached 12.27% of the plan assigned by the Prime Minister).

International News

The German Federal Statistical Office (Destatis) said the country's headline consumer price index (CPI) rose 0.3% month-on-month in March after rising 0.4% in the previous month, matching forecasts. Compared to the same period in 2024, the headline CPI rose 2.2% last month, down from a 2.3% increase in the previous month. The core CPI in March also rose just 2.5% year-on-year, down from a 2.7% increase in February.

S&P Global Survey said the PMI index for the manufacturing sector and the service sector in China reached 50.5 and 50.8 points respectively in March, both up slightly from 50.2 and 50.4 points in the previous month and at the same time higher than the forecast of 50.4 and 50.5 points.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-313-162086-162086.html