Review of economic information on February 12

The central exchange rate increased by 28 VND, the VN-Index decreased slightly by 1.54 points, or by the end of 2024, the State Treasury successfully bid for 10,036 billion VND/12,000 billion VND of government bonds... are some notable economic news on February 12.

Economic information review

Domestic news

Foreign exchange market, session 12/02, State Bank listed the central exchange rate at 24,550 VND/USD, an increase of 28 VND compared to the previous session.

The USD buying price was listed by the State Bank of Vietnam at 23,373 VND/USD, 50 VND higher than the floor rate, while the USD selling price was listed at 25,727 VND/USD, 50 VND lower than the ceiling rate.

On the interbank market, the dollar-dong exchange rate closed at 25,550 VND/USD, a slight increase of 10 VND compared to the session on February 11.

The dollar-dong exchange rate on the free market decreased slightly by 10 in both buying and selling directions, trading at 25,660 VND/USD and 25,750 VND/USD.

Interbank money market, February 12, the average interbank VND offering interest rate decreased sharply by 0.37 - 0.89 percentage points in all terms of 1 month or less compared to the previous session; specifically: overnight 4.53%; 1 week 4.66%; 2 weeks 4.83 and 1 month 5.01%. The average interbank USD offering interest rate remained unchanged in most terms except for an increase of 0.01 percentage point in the 2-week term, trading at: overnight 4.36%; 1 week 4.40%; 2 weeks 4.50%, 1 month 4.55%.

Government bond yields in the secondary market continued to increase sharply across all terms, closing at: 3-month 2.13%; 5-month 2.42%; 7-month 2.76%; 10-month 3.10%; 15-month 3.29%.

In the open market operations, on the mortgage channel, the State Bank of Vietnam (SBV) bid 10,000 billion VND for a 7-day term and 10,000 billion VND for a 14-day term, with interest rates at 4.0%. There were 16,653.11 billion VND in winning bids; there were 35,000 billion VND maturing. The State Bank of Vietnam (SBV) bid 7-day term SBV bills, bidding for interest rates. There were 4,999.9 billion VND in winning bids; there were 4,050 billion VND maturing bills.

Thus, the State Bank of Vietnam withdrew a net VND 19,296.79 billion from the market in yesterday's session.

Bond market, February 12, the State Treasury successfully bid 10,036 billion VND/12,000 billion VND of government bonds called for bid (winning rate reached 84%). Of which, the 10-month term mobilized the entire 10,000 billion VND called for bid and the 30-month term mobilized 36 billion VND/500 billion VND called for bid. The 5-month and 15-month terms called for bids of 500 billion VND and 1,000 billion VND respectively but there was no winning volume in both terms. The winning interest rate for the 10-month term was 2.94% (+0.06 percentage points compared to the previous auction) and for the 30-month term was 3.25% (unchanged).

Yesterday, the stock market indices moved in opposite directions, with cautious sentiment appearing. At the end of the trading session, VN-Index slightly decreased by 1.54 points (-0.12%) to 1,266.91 points; HNX-Index added 0.45 points (+0.20%) to 229.32 points; UPCoM-Index increased by 0.05 points (+0.05%) to 96.80 points. Market liquidity decreased compared to the previous session with a trading value of nearly 12,500 billion VND. Foreign investors net sold nearly 500 billion VND on all 3 floors.

According to the State Bank of Vietnam's report, by the end of 2024, the total group 2 debt (loans with warning signs of risk) at commercial banks was more than VND 211,709 billion, accounting for 1.25% of total outstanding debt. This figure has decreased by 7% compared to the end of 2023. Of which, the group of joint stock commercial banks accounts for the majority with more than VND 118,756 billion, equivalent to 56.1% of the total group 2 debt of the entire commercial banking system. The on-balance sheet bad debt of commercial banks as of December 31, 2024 was more than VND 733,904 billion, an increase of 3.4% compared to the end of 2023.

International news

The US Census Bureau announced that the core CPI and the total CPI in the country increased by 0.4% and 0.5% respectively compared to the previous month in January, following the increase of 0.2% and 0.4% in the previous month, and higher than the forecast of both increasing by 0.3%.

Accordingly, the overall CPI in the US increased by 3.0% compared to the same period last month, contrary to the forecast of unchanged at 2.9% as the statistical results of December 2024. The main reasons for the unexpected sharp increase in CPI last month were mainly due to the increase in fuel oil prices by 6.2%, gas prices by 1.8% and transportation service prices by 1.8% compared to the previous month.

Source: https://thoibaonganhang.vn/diem-lai-thong-tin-kinh-te-ngay-122-160431-160431.html