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Vietnam Weekly Financial Market Report (20 May 2024 – 24 May 2024)

– USD/VND exchange rate eased off in the previous week.
– The country’s trade surplus was estimated to be US$8.01 billion by the end of May.
– VND interest rates inched down for short term tenors.
– SBV net-withdraw VND36.7 trillion.
– Vietnam State Treasury (VST) raised VND1.05 trillion of bonds.

– Vietnam’s consumer price index (CPI) this month has increased by 0.05% compared to the previous month and 4.44% year-over-year, driven primarily by higher education and healthcare costs, according to the General Statistics Office (GSO)
– The State Bank of Vietnam has announced that it will sell gold bars directly to four state-run commercial banks that will then retail the metal to the public, starting from June 3.
– Vietnam’s retail sales and services revenue in the first five months of this year totaled VND2.58 quadrillion (more than US$1 billion), up 8.7 per cent year-on-year, data of the General Statistics Office showed.

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