Vietnam Financial Market Report –3rd Quarter 2023
ECONOMIC SITUATION
- Vietnam’s GDP in Q3 noted 5.33% growth while nine months expanded 4.24%
- The average consumer price index (CPI) went up 3.16% in nine months.
- Industrial production index (IIP) inched up 0.3% by Q3.
- Vietnam posted a trade surplus of US$21.68 billion in the first nine months of the year
- Vietnam posted a trade surplus of US$21.68 billion in the first nine months of the year
- Total retail sales and service revenue by Q3 increased 9.7% to VND4,567.8 trillion
FOREIGN EXCHANGE MARKE
- USD/VND exchange rate increased in the early month then stayed stable in the rest of July
- DXY index increased strongly in Q3 and closed Q3 at 106.22 levels.
- Dollar/dong soared up in August, following the upward trend of greenback in international front
- Dollar/dong soared up in August, following the upward trend of greenback in international front
- Dong depreciated around 3.20% against greenback in Q3-2023
MONEY MARKET
- SBV totally withdrew VND93.8 trio out of market circulation in late September
- Interest rates inched up after SBV’s action of issuing Treasury Bills
- Credit growth reached 6.92% as at 29 Sep 2023
- VST successfully raised around VND70 trio via bond issuance in Q3-2023
Download PDF for more details: 2023 – Q3 Vietnam Economic Report by Bangkok Bank
