[Bangkok Bank] Vietnam Weekly Financial Market Report (23 Oct 2023 – 27 Oct 2023)

FOREIGN EXCHANGE MARKET

• USD/VND exchange rate maintained the upward trend last week.
• Dollar index closed last Friday around October-highs.
• Trade surplus is expected to touch US$24.61 billion by Oct 2023.

MONEY MARKET

• Dong short-term rates slightly decreased in the inter-bank market last week.
• SBV net-injected VND48.3 trillion last week.
• Vietnam State Treasury (VST) mobilized nearly VND5.45 trillion last week.

BRIEF ECONOMIC NEWS
– The consumer price index (CPI) in October increased 0.08% from last month and 3.59% from a year earlier, the General Statistics Office (GSO) reported on Sunday…
– Aqua-product exports in the fourth quarter this year are expected to reach US$2.4 billion, contributing to meeting the full-year target of US$9 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP)…
– Remittances to HCMC in the first nine months of this year surged by 40% against the year-ago period to US$6.6 billion.

>> Download Full Report at: Vietnam Weekly Financial Market Report (23 Oct 2023 – 27 Oct 2023)