(HSV VIETNAM GROUP) – Manufacturing PMI index recovered above 50 points; The stock market prospered after the holiday; State budget revenue for 8 months was estimated at more than 1,124 trillion VND... were notable economic news on September 5.
World gold prices decreased slightly, domestic prices remained flat
Spot gold price on the world market this morning decreased slightly by 1.6 USD to 1,938 USD/ounce, after climbing to 1,952.79 USD/ounce, the highest level of the month.
In the domestic market, this morning, the price of gold bars remained stable at over 68 million VND/tael sold. Saigon Jewelry Company listed the price of SJC gold to buy and sell at 67.55-68.25 million VND/tael, keeping the price unchanged in both directions.
DOJI Gold lists the gold price at 67.60-68.30 million VND/tael, with no two-way price change. PNJ Gold lists SJC gold price at 67.60 - 68.30 million VND/tael.
Manufacturing PMI index recovered above 50 points
The Vietnam Manufacturing Purchasing Managers' Index (PMI) of Standard & Poor's Global (S&P Global) - the leading index provider and data source for independent credit ratings - in August rose again above the 50 point threshold for the first time in the last 6 months. The result of 50.5 points, up from 48.7 points in July, shows that business conditions in the manufacturing industry have improved slightly.
According to S&P Global, the recovery in the health of Vietnam's manufacturing industry has reflected signs of improving demand. Manufacturers recorded the first increase in new orders in six months, while the number of new export orders also increased after a five-month decline. However, the growth rate is still mild, with some reports showing weak demand.
State budget revenue for 8 months is estimated at more than 1,124 trillion VND
According to the Ministry of Finance, state budget revenue in August is estimated at 88 trillion VND, equal to 5.4% of the estimate, equal to 59.5% (down 60 trillion VND) of the average revenue in the first 7 months of the year.
Accumulated for 8 months, state budget revenue is estimated to reach 1,124.5 trillion VND, equal to 69.4% of the estimate, down 8.8% compared to the same period in 2022 (central budget revenue is estimated to reach about 72.8% of the estimate; local budget revenue is estimated to reach about 65.5% of the estimate).
Iron and steel exports increased in volume, but decreased in turnover
According to the latest preliminary statistics of the General Department of Customs, in the first half of August 2023 (August 1-15), the country exported nearly 335 thousand tons of iron and steel of all kinds, with a turnover of 235.5 million USD.
Thus, from the beginning of the year to August 15, the country exported 6.73 million tons of iron and steel of all kinds, with a total turnover of 5.23 billion USD.
In particular, the amount of iron and steel exports increased by 19.7% over the same period last year, but turnover decreased by nearly 10%.
The stock market prospered after the holiday
After the holiday season, cash flow entered excitedly, especially in the banking, real estate - construction - oil and gas stocks, causing the VN-Index to increase nearly 11 points. Closing the session on September 5, the market closed at 1,234.98 points with 41 codes going to the ceiling, 570 codes increasing and 243 codes decreasing.
Green color dominates the real estate, mining, and banking groups. Many stocks that increased to the ceiling belonged to the construction group such as: PC1, HPX, EVG, QCG, CMS...
Gasoline prices increased for the 6th consecutive time
According to the decision of the Ministry of Industry, Trade and Finance, from 3:00 p.m. today (September 5), retail gasoline prices continue to increase from 140 - 270 VND/liter, bringing RON 95 gasoline to 24,870 VND/liter retail. Since the beginning of the year, this is the 6th consecutive time that domestic gasoline prices have increased.
According to the decision of the Joint Ministry of Finance - Industry and Trade, the retail price of E5 RON 92 gasoline increased by 140 VND/liter, to 23,470 VND/liter. Retail RON 95 gasoline increased by 270 VND/liter, to 24,870 VND/liter. Diesel retail price increased by 290 VND/liter, to 22,640 VND/liter.
Ha Diem HSV