Macroeconomic_ 2018M02_Accumlating to growth

Macroeconomic
•    The PMI increased to 53.5 points, up 0.18% compared to the previous  month and down 1.3% over the same period last year
•    Total retail sales of consumer goods and services in February 2018 reached VND 350.4 trillion, down 0.9% compared to the previous month and up 13.2% over the same period last year.
•    FDI in February decreased significantly by 12.84% over the same period last year, while the disbursed capital also decreased slightly by 7.14%. The distribution of electricity, gas, hot water and air conditioning, and manufacturing were the two main leading sectors in attracting FDI.
•    The VND/USD interbank exchange rate fluctuated in the range of 22,705 - 23,094, up from the range of 22,735 - 23,084.  Interbank interest rates are on the downward trend, indicating that liquidity remains abundant.

Stock market
•    The market movement of the VN-Index and HNX-Index rallied lightly in February. The VN-Index and HNX-Inden rose 1% and 1.71% respectively compared to the end of January.
•    The average liquidity on both exchanges declined by 31% compared to January 2018 and remained at VND 6,651 billion per session due to Tet Holidays mood of investors.
•    Foreign investors were net buyers on the HSX with the value of VND 2,811 billion and net sellers of VND 123 billion on HNX.
•    P/E of VN-Index and HNX-Index reached 20.70 and 13.51 respectively. P/E of HNX-Index ranked up to 15th, P/E of VN-Index stayed 5th in the region.