SSI Asset Management says Vietnam trade balance swings to $1.27 billion surplus in September
EWU•SSI Asset Management said Vietnam posted a $1.27 billion trade surplus in September. Exports rose 39.4% year over year to $59.48 billion, while the VN-Index fell 3.47% month over month to 1,768.62.
1. Trade and exports
SSI Asset Management flagged a September trade surplus of $1.27 billion, easing foreign-exchange pressure. Vietcombank’s average USD/VND rate fell 0.38% to 25,955. Exports rose 39.4% year over year to $59.48 billion, and industrial production increased 16.65%.
2. Inflation and liquidity
September consumer prices rose 5.08% year over year, while the nine-month average reached 4.52%, above the 4.5% target. The overnight rate ranged from 0.48% to 6.84%, and the State Bank of Vietnam withdrew a net VND 74.42 trillion through open-market operations.
3. Equity market
The VN-Index fell 3.47% month over month to 1,768.62, while foreign investors recorded net sales of about $179 million.
