January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
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January 11, 2012
Vietnam’s five-year bonds on Monday fell on speculation an increase in money-market rates prompted banks to sell the securities to raise cash. The dong was steady. Overnight interbank borrowing rates climbed to 12.25 percent Monday, the highest level since Dec. 16, from 11.95 percent on Jan. 6, data compiled by Bloomberg show. The money [...]
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December 23, 2011
Vietnam’s two-year bonds gained Friday on speculation commercial lenders will lower interest rates after inflation slowed for a fourth month. The dong advanced. Consumer prices climbed 18.13 percent this month from a year earlier, compared with a 19.83 percent increase in November, according to data from the General Statistics Office Friday. Interest rates on [...]
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December 20, 2011
Vietnam’s five-year bonds gained the most since August after the central bank added cash to the financial system, increasing the amount of funds available for lenders to invest in debt. The dong was little changed. “Liquidity is good as the State Bank of Vietnam has been injecting money into the system through open-market operations,” [...]
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December 19, 2011
Vietnam’s bonds gained Monday on speculation the largest banks are putting cash into debt rather than making loans. The dong dropped. Vietnam Development Bank, a state-owned lender that raises funds for government projects, sold all of the VND1.9 trillion of bonds ($90 million) it auctioned on Dec. 16, according to statements on the Hanoi [...]
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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November 26, 2011
Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates. Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates [...]
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November 24, 2011
Vietnam Joint Stock Commercial Bank for Industry & Trade (CTG), known as VietinBank, has received approval from the country’s central bank for its planned $500 million international bond sale, Deputy General Director Le Duc Tho said in a telephone interview. “Our plan is to sell the bonds in the fourth quarter, but in reality [...]
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November 16, 2011
Bill Talen, known as Reverend Billy (C), delivers a speech to members of the Occupy Wall Street movement as they return to Zuccotti Park in New York November 15, 2011. A judge upheld New York City’s right to evict Occupy Wall Street protesters from a park on Tuesday after baton-wielding police in riot gear broke [...]
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November 16, 2011
Vietnam’s bonds fell Monday on speculation banks are using funds to lend in the money market rather than buy government debt. The dong weakened. Interbank lending rates more than doubled to as high as 36.5 percent last week from a maximum 16.2 percent the week before, said Nguyen Duy Phong, an analyst at ACB [...]
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