Vietnam Weekly Financial Market Report (09 Oct 2023 – 13 Oct 2023)
MARKET HIGHLIGHTS
- USD/VND exchange rate went up about 50 dongs in the past week.
- Dong has depreciated 3.7% against the greenback.
- The trade balance in nine months was revised to surplus US$21.64 billion.
- VND short term interest rates eased off last week.
- VST raised VND4 trillion of bonds.
BRIEF ECONOMIC NEWS
Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development (MARD). In the nine-month period, Vietnam exported about 6.61 million tonnes of rice, equivalent to US$3.66 billion, an increase of 23.1 per cent in volume and 40.4 per cent in value compared to the same period last year, said Nguyen Van Viet, director of the ministry’s Planning Department. The Philippines was the largest buyer of Vietnamese rice products in the first eight months, accounting for 40.3 per cent of the total rice export. China and Indonesia ranked second and third, accounting for 13.5 per centand 12.4 per cent, respectively. (Source: Vietnam News)…
Download Full Report at: Vietnam Weekly Financial Market Report (09 Oct 2023 – 13 Oct 2023)
