Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1696586158486.pdf (Vanuatu)
RESERVE BANK OF VANUATU FINANCIAL & ECONOMIC ANALYSIS: The news items covered in this publication do not necessarily imply any judgment by the Bank on the accuracy of the information or any endorsement or acceptance of such news Issue 286 June 2022 1. INTERNATIONAL DEVELOPMENTS The World Bank revised downward its global growth forecast to 2.9 percent (1.2 percentage points difference from January 2022 projections) in its June Global Economic Prospects update.
The revision mainly reflects the impacts of the ongoing pandemic and the spill-over effects of the Russia-Ukraine war.

The impacts of global price movements have been observed on increases in Vanuatu’s major imports and exports, over the month of June for Crude oil prices (6.09 percent), Natural gas (Europe) (15.09 percent) and Coffee (Arabica) (5.10 percent).
On the contrary, decreases were witnessed for Wheat (US) (-13.34 percent), Rice Thai (-4.31 percent), Sunflower oil (-9.36 percent) and Coconut oil (-6.22 percent).

In the US, economic indicators revealed a pickup in the economy after slowing down over the first quarter of the year.

Exports picked up in May, outweighing increases in imports and thereby reducing the overall international trade deficit by $86.7 billion.

Consumer spending increased by 0.2 percent in May (US Bureau of Economic Analysis).
The labor market remained robust with the inflation unemployment rate remaining remained high.

The Federal Reserve responded by increasing its federal funds rate from 1.5 percent to 1.75 percent during its June meeting.

low while According to the S&P Global Flash Composite Output Index, Australia’s private sector output index grew at a slower pace, recording 52.6 in June from 52.9 in May.
The slowdown was contributed mainly by the services sector as continuous recent interest rate hikes and rising inflation continue to dampen overall output.

The Reserve Bank of Australia (RBA) increased its cash rate by 50 basis points to 85 basis points during its meeting in June as it continues to pursue its monetary policy objectives.

In New Zealand, updated indicators showed the economy continues to grow at a moderate pace.
Retail card spending rose by 3.8 percent over the June quarter in comparison to a 1.6 percent increase in the March quarter (NZ Stats).

Border crossings increased by 29.2 percent in June as the number of overseas visitors increased due to further relaxation of border restrictions (NZ Stats).

Indicators of inflation showed annual food prices were 6.6 percent higher in June 2022 compared to June 2021.
In the Euro area, the economy continues to be affected by increased cost of living, creating reduced overall demand.

According to S&P Global Flash estimates, Eurozone economic growth deteriorated sharply in June as reflected in the manufacturing and service data estimates.

Inflation increased to 8.6 percent in June from 8.1 percent in May, driven mainly by energy and food prices (Euro Stat flash estimate).
Monetary policy remains accommodative as the European Central Bank (ECB) maintained its key interest rates during its June meeting.

2.

EXCHANGE RATES DEVELOPMENT Over the month, the Vatu depreciated against the USD by 2.9 percent while it appreciated against the AUD by 1.6 percent, the NZD by 2.2 and the EURO by 0.3 percent.

3.

DOMESTIC DEVELOPMENTS Vanuatu’s annual headline CPI inflation rose to 2.7 percent in the first quarter of 2022 up from 0.7 percent in the previous quarter.
The quarterly inflation rate increased to 1.5 percent in the first quarter of 2022, up from 0.9 percent in the last quarter of 2021.

The Port Vila price index recorded 3.2 percent and the Luganville index recorded -0.4 percent.

In the first quarter of 2022, annual average inflation eased to 1.7 percent down from 2.3 percent in December 2021.
1 The increase in price movement was driven by price changes in drinks and Tobacco 2.8 %, food and education contributed 2.5 %, miscellaneous 0.8%, housing utilities 0.7 %, clothing, and footwear 0.4 %, and communication 0.1 %.

The increase in the price movement was driven by prices in tobacco, fruits and vegetables, school fees for private schools in Port Vila, toiletries, electricity and water supply charges, men’s clothing, and mobile phones.
In the March quarter of 2022, underlying inflation increased by 0.1% from December 2021 and by a 0.1 % increase over the same quarter in 2021.

Vanuatu National Statistics office.

The Price Control Bureau (PCB) intends to repeal the antiquated 1974 price Control Act that was established during the Condominium era by the British and the French and replace it with the Price Monitoring and Consumer Affairs Bill.
The new amendment will be more attentive to consumer rights and create a balance in the relationship between traders and consumers as well.

Vanuatu Daily Post, 8 June 2022.

Kava has been identified as a commodity with potential on the Chinese market following the visit of the Chinese Foreign Minister on the 1st of June, 2022 and the product can be promoted in the Chinese market through the Vanuatu Tourism Office.

Vanuatu Daily Post, 14 June 2022.


Virgin Australia announced that it will start direct services from Brisbane to Port Vila, from the 10th of March 2023, with a maximum of five flights per week.

It is a significant step in re-establishing international aviation access to Vanuatu and taking the tourism business back to its pre- Covid level in Vanuatu by 2023.
Vanuatu Daily Post, 14 June 2022. leasehold owner, bridging, The Department of Immigration is strengthening its policies to speed up economic growth by offering 15 new ranges of visa categories.

These include investment, employment, religious, development support, close family, social exchange, tourist, retiree, special category, diplomatic, student, business multiple entries, and Ni-Vanuatu decent visas.
These new visa categories will provide opportunities for foreign nationals to either work, study, invest or reside in Vanuatu.

Each respective visa comes with its own conditions and requirements.

Vanuatu Daily Post, 14 June 2022.

The Government awarded the contract to construct the South Paray wharf to the Fletcher Organization (Vanuatu) following a redesign of the facility.
The Warf is primarily being funded by ADB (Asian Development Bank) and the New Zealand Government under the Vanuatu Inter- Island Shipping Support Project (VISSP).

The new wharf will ease concerns over overcrowding and water pollution at the temporary Wharf at Pontoon Bay.

Vanuatu Daily Post, 15 June 2022.

Dynamic’s Supply Company Vanuatu has been certified by the international Standards Operations (ISO) and Hazard Analysis Critical Control Point (HACCP) to export its products overseas.
The certification will allow for local growers of Tahitian Lime to sell Tahitian Limes through Dynamic Supply Company.

Vanuatu Daily Post, 18 June 2022.

The new Tourism Labor Desk office has registered 270 Ni- Vanuatu who are interested to be part of the tourism and hospitality ready-pool workforce.

This office is supported by the Vanuatu Skills Partnership (VSP) and Australia Training Coalition (APTC) and funded by the Government of Australia.
The desk also serves the purpose of matching skills to job vacancies as a way to support the shortage of skilled workforce in Vanuatu’s tourism sector.

Vanuatu Daily Post and Vanuatu Business Review, 18 June 2022.

Vanuatu Abattoirs Limited (VAL) can now export to more overseas markets as the company is a recipient of International Standard Operations (ISO) and Hazard Analysis Critical Control Points (HACCP) certificates.
VAL is partly owned by the Vanuatu government and is currently exporting beef to New Zealand, Papua New Guinea, and the Solomon Islands.

Vanuatu Daily Post, 22 June 2022.

The World Bank’s Board of Executive Directors approved US$10 million (VT 1.18 million) to support Vanuatu’s ongoing efforts to strengthen climate change adaption, disaster risk reduction, health management, and debt transparency.
This financing reinforces the World Bank’s commitment to increasing resilience in Vanuatu through the Vanuatu Climate Resilient Transport Project, which is proving upgrades to 65 kilometers of the South Santo Road, and the Vanuatu Infrastructure Reconstruction and improvement project, which is improving the climate resilience of schools and roads that were impacted by Cyclone Pam.

Vanuatu Daily Post, 24 June 2022.


The PACER Plus Implementation Unit (PPIU) has released its inaugural Strategic Plan 2022- 2025 which provides the public with the PPIU’S overarching mission and activities.

It provides a unique opportunity to respond collectively.

It is also an opportunity to do things differently and leverage collective knowledge and expertise to achieve a shared vision of improving the livelihood and welfare of the people.

Vanuatu Daily Post, 25 June 2022.


Telecommunications Company Wan Tok has signed a service agreement with interchange Limited (ICL) to become the first retailer in Vanuatu to offer the new satellite service AelanSat.

Individuals and businesses will soon be able to purchase through Wantok high–speed internet packages via satellite dish from any island in Vanuatu without relying on telecommunication towers.

Vanuatu Daily Post, 25 June 2022.

4.


MONETARY DEVELOPMENTS 2 Total money supply (M2) recorded a marginal growth of 0.3 percent in May 2022.

This slow growth was driven by domestic credit, in particular the increase in net claims on the central government.

The year-on-year growth in M2 continues to reflect the accumulation of net foreign assets (NFA).

Chart 1: Determinants of Money Supply (y-o-y% Change) NFA fell by 0.6 percent in May 2022, but increased by 11.0 percent over the year to May 2022.
The downward trend during the month reflected net outflows of foreign reserves recorded by both the Commercial Banks and Reserve Bank (RBV).

However, the annual growth in NFA remains robust, as both financial institutions recorded net inflows of foreign currency over the year to May 2022.

Domestic credit was largely driven by the trend in the Governments net credit position vis-à-vis the banking system.
At the end of May 2022, domestic credit rose by 0.4 percent, reflecting the increase in net claims on the central Government with the banking system.

The annual contraction of 3.7 percent in domestic credit was attributed to the decline in net claims on the central government with the banking system.

Chart 2: Private Sector Credit (y-o-y% Change) Private Sector Credit (PSC) fell by 0.2 percent month-on- month, but recorded a growth of 0.9 percent year-on- 3 year.
The month-on-month contraction reflected the reduction in credit extended to businesses.

However, growth remain positive year-on-year as determined by the expansion in credit extended to individuals and households.

Loans extended by one of the Other Financial Institutions (OFIs) recorded negative growths of 0.8 percent month-on-month and 33.2 percent year-on-year, respectively to record VT724.2 million in May 2022.

Total loans extended by Commercial Banks to various sectors are depicted in table A4.
The Central Governments’ net credit position vis-à-vis the banking system deteriorated in May 2022, owing to the decline of Government deposits held with both the Commercial Banks and the Governments net credit position remained favorable over the year to May 2022.

Claims on the Central Government by OFIs remained at VT4,700 million in May 2022 as previously recorded in April 2022. the RBV.
However, Chart 3: Net Claims of the Vanuatu Government vis- à-vis the Banking Sector (BVT) Open Market Operations (OMO) The Bank conducted five OMOs during June 2022 where VT6, 000 million worth of RBV notes were issued compared to VT4, 800 million issued during the previous month.

Total subscriptions received for this issue was VT13, 411 million relative to VT9, 714 million received during the previous month.

The high level of subscription reflects the excessive level of liquidity in the banking system.
Allotments were made as follow: 7 days: VT1,269 million   14 days: VT820 million  28 days: VT900 million  63 days: VT1,090 million  91 days: VT1,327 million Chart 4: Outstanding RBV Notes (Levels, millions of Vatu, Month-End Data) Yields of RBV Notes Yields on RBV Notes as of end June 2022: Term End June.22 End May.22 7 days 0.38% 0.38% 14 days: 0.35% 0.35% 28 days: 0.30% 0.30% 63 days: 0.34% 0.33% 91 days: 0.35% 0.34% Chart 5: Yield on 91-days RBV Note (Levels, Percentage, Month-end Position) Total amount of matured RBV notes for the month of June was at VT4, 399 million leaving outstanding notes at VT6, 237 million, compared to VT6, 362 million as reported in the previous month.
4 04008001,2001,6002,0002,4002,8003,2003,6004,0004,4004,8005,2005,6006,0006,4006,8007,2007,60004008001,2001,6002,0002,4002,8003,2003,6004,0004,4004,8005,2005,6006,0006,4006,8007,2007,600Jun-21Sep-21Dec-21Mar-22Jun-22RBV Notes OutstandingM vtM vtSource: RBV 01234560123456Jun-21Sep-21Dec-21Mar-22Jun-2291 daysRediscount%%Source: RBV 5 TABLE A1 : BALANCE SHEET OF THE RESERVE BANK OF VANUATU (In Millions VT)1 Month3 Months12 MonthsClaims on nonresidents65,166.375,432.075,892.875,777.5-0.20.516.3Monetary gold and SDR holdings996.44,100.74,027.14,024.5-0.1-1.9303.9Reserve Assets64,170.071,331.371,865.671,753.0-0.20.611.8Currency and Deposits38.027.724.631.126.212.5-18.1National currency38.027.724.631.126.212.5-18.1Securities other than shares2,212.62,323.92,623.92,623.90.012.918.6Central government2,212.62,323.92,623.92,623.90.012.918.6Loans154.2221.9248.4254.32.414.664.9Other depository corporationsOther financial corporationsCental governmentOther residents sectors154.2221.9248.4254.32.414.664.9Other accounts receivable4,278.64,522.44,243.64,236.4-0.2-6.3-1.0Trade credit and advances96.5115.9114.598.0-14.4-15.41.6Settlement accounts250.4500.2225.6237.75.4-52.5-5.1O/W Items in the process of collection54.1328.199.791.9-7.8-72.070.1Miscellaneous Assets3,931.73,906.43,903.53,900.6-0.1-0.1-0.8Nonfinancial assets1,719.71,754.11,748.61,751.30.2-0.21.8TOTAL ASSETS73,569.484,282.184,781.984,674.5-0.10.515.1Monetary Base48,937.554,995.355,555.254,600.8-1.7-0.711.6Currency in
in Circulation10,065.410,864.911,404.111,752.83.18.216.8Currency Other Depository Corporations ( Commecial banks cash)2,689.92,698.12,654.02,714.72.30.60.9Liabilities to Other Depository Corporations 36,182.341,432.341,497.040,133.3-3.3-3.110.9 Reserve Deposits 4,107.04,295.64,364.14,402.40.92.57.2 Other Liablities32,075.337,136.737,132.935,730.9-3.8-3.811.4Liabilities to Central Government12,088.013,035.914,260.714,089.7-1.28.116.6Deposits12,088.013,035.914,260.714,089.7-1.28.116.6OtherLiabilities to non residents1,704.21,478.31,461.21,460.70.0-1.2-14.3Deposits1,704.21,478.31,461.21,460.70.0-1.2-14.3DepositsOther DepositsSecurities other than shares3,657.74,926.84,237.45,227.123.46.142.9Other Depository Corporation3,657.74,926.84,237.45,227.123.46.142.9Other financial Corporation0.0Loans0.00.00.00.0Liabilities to the IMF- Central Government 0.00.00.00.0Other accounts payable439.6432.4448.8500.511.515.713.8Trade credit and advances389.4398.4401.3419.14.45.27.6Other Sectors50.234.047.481.371.4138.961.9o/w Settlement Accounts12.06.122.549.9121.6717.6316.9Shares and other equity4,405.53,706.43,214.03,193.1-0.6-13.8-27.5SDR Allocation2,336.95,706.95,604.65,602.60.0-1.8139.7TOTAL LIABILITIES73,569.484,282.184,781.984,674.5-0.10.515.1May-21 End of Period%ChangeFeb-22May-22Apr-22 6 TABLE A2a : BALANCE SHEET OF OTHER DEPOSITORY CORPORATIONS IN VANUATU (In Millions VT)1 Month3 Months12 MonthsDomestic currencyMonetary gold and SDRDeposits with RBVCurrency and
 deposits57,814.163,367.862,426.660,860.8-2.5-4.05.3Currency3,366.03,333.13,263.83,346.22.50.4-0.6National2,689.92,698.12,654.02,714.72.30.60.9Foreign676.1635.0609.7631.53.6-0.6-6.6Transferable deposits40,179.045,737.345,082.942,988.5-4.6-6.07.0In Local currency:36,119.441,371.241,135.939,932.5-2.9-3.510.6Central Bank36,108.641,349.541,117.839,924.9-2.9-3.410.6Other depository corporations0.00.00.00.0Other financial corporationNonresidents10.821.718.17.6-58.3-65.1-29.9Head offices and Branches0.00.00.00.0 Other depository corporations10.821.718.17.6-58.3-65.1-29.9In foreign currency: 4,059.64,366.13,947.03,056.0-22.6-30.0-24.7Other depository corporationsOther financial corporationOther depository corporations10.00.50.40.0-100.0-100.0-100.0Nonresidents4,049.64,365.63,946.63,056.0-22.6-30.0-24.5Head offices and Branches1,506.61,403.3757.8783.13.3-44.2-48.0 Other depository corporations2,543.02,962.33,188.82,272.9-28.7-23.3-10.6Other deposits 14,269.114,297.414,079.914,526.13.21.61.8In Local currency: Other depository corporations209.3146.5146.5146.50.00.0-30.0Other financial corporationNonresidents0.50.00.00.0Head offices and Branches Other depository corporations0.50.00.00.0In foreign currency: Other depository corporationsOther financial corporationOther depository corporations896.21,073.31,085.61,077.8-0.70.420.3Nonresidents13,163.013,077.712,847.913,301.83.51.71.1Head offices and Branches0.00.00.00.0 Other depository
 corporations13,163.013,077.712,847.913,301.83.51.71.1Securities other than shares3,757.76,505.85,237.46,227.118.9-4.365.7Central Bank3,657.74,926.84,237.45,227.123.46.142.9Central Government100.01,579.01,000.01,000.00.0-36.7900.0Loans61,073.561,980.461,810.961,721.7-0.1-0.41.1Central bank0.00.02.5Other depository corporations0.01.40.00.0-100.0Other financial corporations113.6517.9227.7227.3-0.2-56.1100.1Central government397.1398.8399.7399.50.00.20.6State and local government33.028.628.229.23.62.1-11.5Public nonfinancial corporations1,079.81,173.81,157.71,163.80.5-0.97.8Other nonfinancial corporations26,462.726,323.026,524.026,422.0-0.40.4-0.2Other residents sectors32,414.032,935.732,882.932,882.80.0-0.21.4Nonresidents573.3601.2590.6594.60.7-1.13.7Interbank Funds sold0.00.00.00.0Shares and Other Equity0.00.00.00.0Other depository corporations0.00.00.00.0Other accounts receivable 4,993.54,489.44,770.84,891.82.59.0-2.0Trade credit and advances108.3202.6180.5167.0-7.5-17.654.2Settlement accounts2,943.43,270.13,370.93,436.01.95.116.7Miscellaneous assets items1,941.81,016.71,219.41,288.85.726.8-33.6Nonfinancial assets6,138.06,227.46,299.26,308.10.11.32.8TOTAL ASSETS133,776.7142,570.8140,545.0140,009.4-0.4-1.84.7May-21 END OF PERIOD%ChangeFeb-22May-22Apr-22 7 TABLE A2b : CONDENSED BALANCE SHEET OF OTHER DEPOSITORY CORPORATIONS IN VANUATU ( In Millions VT)1 Month3 Months12 MonthsDeposits101,487.3108,017.1106,224.0106,321.40.1-1.64.8Transferable
deposits67,352.773,930.973,932.274,075.60.20.210.0In Local currency: 45,853.251,407.652,643.352,432.1-0.42.014.3Central Bank 0.50.30.50.3-43.0-0.4-40.0Other depository corporation470.3548.1489.6370.9-24.2-32.3-21.1Other financial corporations2,520.03,738.33,239.03,226.8-0.4-13.728.0Central government1,424.03,106.83,436.03,261.9-5.15.0129.1State and local governments1,873.8178.9215.1195.8-9.09.5-89.5Public nonfinancial corporations241.8147.0234.2371.358.5152.653.5Other non financial corporations18,540.520,880.920,457.620,519.10.3-1.710.7Other residents sectors20,836.423,135.424,671.024,577.9-0.46.218.0Non-residents1,760.31,871.12,034.71,976.7-2.85.612.3Head office and BranchesOther Depository and financial corporations19.919.414.223.565.921.417.9Other non residents1,740.41,851.82,020.51,953.2-3.35.512.2In Foreign currency: 18,603.419,660.118,134.618,274.80.8-7.0-1.8Other depository corporation74.551.147.446.6-1.8-8.9-37.5Other financial corporations665.3689.3641.9639.5-0.4-7.2-3.9Central government588.11,907.9643.9721.912.1-62.222.7State and local governmentsPublic nonfinancial corporations106.8212.9107.2102.0-4.8-52.1-4.5Other non financial corporations12,594.011,623.011,045.511,417.93.4-1.8-9.3Other residents sectors3,065.53,238.73,791.43,580.2-5.610.516.8Non-residents1,135.8992.21,119.61,392.024.340.322.6Head office and Branches0.00.074.3302.6307.2Other Depository and financial corporations43.04.12.82.81.0-31.1-93.4Other non residents1,092.8988.01,042.51,086.54.210.0-0.6Other deposits
deposits 34,134.734,086.232,291.832,245.8-0.1-5.4-5.5In Local currency: 18,660.319,598.617,839.417,749.0-0.5-9.4-4.9Central bank0.030.030.030.00.0Other depository corporation689.8695.3696.2696.70.10.21.0Other financial corporations1,635.01,550.2688.5686.8-0.3-55.7-58.0Central government5,487.65,565.05,013.35,053.50.8-9.2-7.9State and local governments64.050.749.647.9-3.3-5.5-25.1Public nonfinancial corporations316.1368.5378.5378.60.02.719.8Other non financial corporations2,769.72,895.02,604.32,609.00.2-9.9-5.8Other residents sectors7,698.38,474.08,409.08,276.5-1.6-2.37.5Non-residents1,464.9454.1435.1473.88.94.4-67.7Head office and Branches0.00.00.0Other Depository and financial corporations0.00.00.00.0Other non residents1,464.9454.1435.1473.88.94.4-67.7In Foreign currency: 13,346.213,555.213,536.913,543.80.1-0.11.5Other depository corporation0.00.00.00.0Other financial corporations2,352.02,183.12,167.32,184.70.80.1-7.1Central governmentState and local governmentsCentral government910.2959.3975.7966.3-1.00.76.2Public nonfinancial corporations68.372.273.172.5-0.80.46.2Other non financial corporations6,355.65,191.35,237.65,216.6-0.40.5-17.9Other residents sectors3,660.15,149.45,083.35,103.60.4-0.939.4Non-residents663.3478.3480.4479.1-0.30.2-27.8Head office and BranchesOther Depository and financial corporations0.00.00.00.0Other non residents663.3478.3480.4479.1-0.30.2-27.8Loans1,803.41,385.91,584.11,302.0-17.8-6.1-27.8Central bankOther depository Corporations894.81,073.11,084.81,077.1-0.70.420.4Other financial
financial corporationsCentral governmentNon residents908.7312.8499.3224.8-55.0-28.1-75.3Head office and Branches893.8267.6438.7195.4-55.5-27.0-78.1Other financial corporations14.845.260.529.5-51.3-34.898.6Other non residentsInterbank Funds PurchasedOther accounts payable13,335.414,344.814,441.914,310.7-0.9-0.27.3Trade credit and advances151.1164.7135.4158.316.9-3.84.8Settlement accounts2,780.73,089.63,188.63,200.30.43.615.1Provisions for losses3,326.13,072.43,172.83,059.7-3.6-0.4-8.0Accumulated depreciation3,622.83,988.44,047.04,080.60.82.312.6Dividends payable205.3302.7302.7302.70.00.047.4Miscellaneous liability items3,249.43,727.13,595.33,509.1-2.4-5.88.0Shares and other equity17,150.618,823.019,095.018,595.3-2.6-1.28.4TOTAL LIABILITIES133,776.7142,570.8141,345.0140,529.4-0.6-1.45.0May-21 END OF PERIOD%ChangeFeb-22May-22Apr-22 8 TABLE A3 : DEPOSITORY CORPORATION SURVEY (In Million VT)1 Month3 Months12 Months1.
Net Foreign Assets73,665.882,839.482,270.981,759.2-0.6-1.311.0Monetary Authorities (Net)61,125.368,246.768,827.068,714.2-0.20.712.4Other Depository Corporations (Net)12,540.514,592.713,443.913,045.0-3.0-10.64.02.
Net Domestic Claims24,452.820,707.921,218.721,989.73.66.2-10.1(a) Domestic Claims42,469.140,927.840,763.140,909.40.40.0-3.7(i) Net claims on central government-17,788.1-20,273.1-20,305.9-20,069.91.21.0-12.8Monetary Authorities-9,875.3-10,712.0-11,636.8-11,465.81.5-7.0-16.1Other Depository Corporations -7,912.8-9,561.2-8,669.1-8,604.10.810.0-8.7(ii) Claims on other Sectors60,257.261,200.961,069.060,979.3-0.1-0.41.2Other Financial Corporations 113.6517.9227.7227.3-0.2-56.1100.1State and local government33.028.628.229.23.62.1-11.5Public nonfinancial corporations1,079.81,173.81,157.71,163.80.5-0.97.8Other nonfinancial corporations26,462.726,323.026,524.026,422.0-0.40.4-0.2Other residents sectors32,568.233,157.733,131.333,137.00.0-0.11.7(b) Other items (net)-18,016.3-20,219.8-19,544.5-18,919.7-3.2-6.45.03.
Broad Money (M2)98,118.6103,547.4103,489.6103,748.90.30.25.7(a) Money (M1)72,509.976,917.878,102.278,476.00.52.08.2 (i) Currency in circulation10,065.410,864.911,404.111,752.83.18.216.8 (ii) Transferable deposits62,444.566,052.966,698.066,723.10.01.06.9(b) Quasi-money25,608.726,629.625,387.425,272.9-0.5-5.1-1.3 Other Deposits25,608.726,629.625,387.425,272.9-0.5-5.1-1.3Apr-22 END OF PERIODMay-22%ChangeMay-21Feb-22Table A4: Other Depository Corporations Sectoral Distribution of Loans and Advances in Vatu and Foreign Currency (In Million VT)May-21VTFCTotalVTFCTotalVTFCTotalDepository Institutions Domestic0.00.00.02.50.02.5Other Financial Corporations Domestic59.654.0113.6227.30.0227.3281.5-100.0-100.0Central Government397.10.0397.1399.50.0399.50.6-100.0Provincial Assemblies & Local Government33.00.033.029.20.029.2-11.5-100.0Statutory Non-financial Corporations Domestic675.6404.11,079.8738.4425.41,163.89.35.2-60.6 Manufacturing1,145.8240.91,386.71,235.6262.91,498.57.89.1-81.0 Agriculture818.856.5875.31,057.450.01,107.429.1-11.5-94.3Public Utilities1.152.954.00.631.532.1-43.7-40.5-41.8Forestry0.482.682.90.0141.6141.6-97.271.470.7 Fisheries4.90.04.92.00.02.0-58.9-100.0Mining & Quarrying86.70.086.763.40.063.4-26.91,150.0-100.0Construction2,453.21,234.63,687.82,422.51,031.63,454.1-1.3-16.4-72.0Distribution (Wholesale and
(Wholesale and Retail)4,183.01,413.45,596.43,825.11,454.35,279.3-8.62.9-74.0Tourism2,019.45,626.17,645.42,286.75,844.98,131.613.23.9-23.6Transport645.3185.2830.5859.5269.31,128.833.245.4-67.6Communications767.20.0767.2492.90.0492.9-35.8-100.0Entertainment & Catering241.7175.1416.8261.4174.1435.58.1-0.6-58.2Professional & Other Services2,942.42,085.75,028.13,000.01,654.94,654.92.0-20.7-67.1Housing & Land Purchases13,556.32,478.316,034.614,172.62,606.916,779.54.55.2-83.7Other individual13,271.22,853.516,124.713,641.02,208.415,849.42.8-22.6-86.3Non Profit Institutions Serving Households254.80.0254.8253.90.0253.9-0.31,300.0-100.0 Grand Total 43,557.316,942.860,500.144,971.416,155.761,127.13.2-4.6-73.3* As of October 2018 data includes Wanfuteng BankYOY % ChangeMay-22*SECTOR