Vietnam Weekly Financial Market Report (03/06/2024 – 07/06/2024)

MARKET HIGHLIGHTS:

• USD/VND exchange rate fluctuated in the narrow range last week.
• DXY surged and closed last week at 104.89 level after U.S. payrolls report.
• Vietnam State Treasury (VST) raised VND2.1 trillion of bonds.

BRIEF ECONOMIC NEWS
– Vietnam’s manufacturing sector saw sustained growth in May with solid increases in new orders, prompting a faster expansion in production, according to the S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI).
– Coffee exports are expected to reach an estimated US$2.9 billion in the first five months of this year, representing a rise of 43.9 percent over the same period last year on rising prices despite a drop of 3.9 percent in volume to 833,000 tonnes, according to Ministry of Agriculture and Rural Development’s statistics.
– Seafood exports in Vietnam grew in the first five months of the year, with positive signals seen in major markets in terms of both demand and prices, said the Vietnam Association of Seafood Exporters and Producers.

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Thank you @Source by BANGKOK BANK