MONEY MARKET

• OPEN MARKET OPERATIONS (OMO)

Last week, the SBV net withdrew VND 19,720 billion on the open market. Specifically, the SBV issued VND 42,460.33 billion, while VND 62,180 billion previously issued matured. The T-bill offering operation remained suspended.

• INTERBANK INTEREST RATES

The overnight, 1-week and 2-week interbank rates were 2.46%, 2.88%, and 4.18%, respectively. Short-term interbank rates fell drastically. However, with the net withdrawing activities by the SBV, the short-term interbank rates may increase again this week.

FOREX MARKET

The central rate ended the week at VND 24,948/USD. The exchange rate at commercial banks increased by VND 96, from VND 25,926/USD to VND 26,022/USD. Thus, the VND has depreciated by 2.11% YTD against the USD.

BOND MARKET

• PRIMARY MARKET

The SBV called for 5Y, 10Y, 15Y, and 30Y G-bonds. The respective offering values were VND 2,000, VND 9,000, VND 1,000 and VND 500 billion, with respective winning rates of 100%, 59%, 100%, 10%.

• SECONDARY MARKET

Last week, the total Outright trading value was VND 45,644 billion, down by 5.26% compared to the previous week. Repo trading value reached VND 27,380 billion, up by 5.49% compared to last week.