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MACRO MONTHLY REPORT FEBRUARY 2022

MACRO MONTHLY REPORT FEBRUARY 2022

2 năm trước ・ 21/02/2022

With the 2-dosed vaccine coverage reaching over 70% of the population, Vietnam is taking further steps in reopening the economy and adapting to the "new normal" such as allowing domestic airlines to reopen international routes from January 1, 2022 and welcome all international flights from February 15, 2022, allowing students to return to school. The macroeconomic picture of Vietnam right from the first month of 2022 has shown many bright colors, indicating a year with many positive prospects.

  • Purchasing Managers' Index (PMI) remained above 50 points and increased by 1.2 points compared to the previous month.
  • CPI in January 2022 increased by 1.9% over the same period, mainly due to the influence of gasoline prices. Core inflation in January remained at a low level, at only 0.66%.
  • Total retail sales of consumer goods and services increased by 6.7% MoM and 1.3% YoY, reflecting the recovery of general consumer demand and additional demand for the Lunar New Year.
  • Total import-export turnover is estimated at 58.5 billion USD. In which, export reached 29 billion USD and import reached 29.5 billion USD, up 1.6% and 11.5% YoY respectively.
  • Foreign direct investment (FDI) registered in Vietnam from the beginning of the year to January 20, 2022 reached 2.1 billion USD, up 4.2% over the same period.
  • The VND/USD selling rate of commercial banks remained stable around 22,760-22,920. Generally, the exchange rate is still at a low level in the past one year.
  • Interbank rates in most terms increased in the second half of January due to high credit demand before Tet.

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