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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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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November 15, 2011
Vietnam’s one-year bonds fell on speculation banks have fewer funds to invest in government debt. The dong gained. “We predict the shortage of liquidity would threaten not only small banks but also big ones as residents would increasingly withdraw deposits” before the Lunar New Year, Luu Hai Yen, a Hanoi-based fixed-income analyst at Thang [...]
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November 8, 2011
Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. The State Treasury sold a total of VND1.1 trillion ($52.4 million) of three-year and five-year notes on Nov. 3, less than the [...]
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November 4, 2011
Vietnam’s bonds on Thursday rose the most since August on speculation banks will seek the safety of government securities as rising interest rates boost the risk of bad loans. The dong was little changed. Non-performing debt may more than double to 5 percent of total bank credit in the country by year-end from 2.16 [...]
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October 28, 2011
Vietnam’s dong on Friday closed below 21,000 per dollar for the first time as the central bank set the currency’s reference rate at the weakest level since at least 2005. Government bonds were steady. The State Bank of Vietnam set the daily reference rate at 20,803, compared with 20,788 on Thursday, according to its [...]
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October 21, 2011
Vietnam’s dong had its worst week in two months as the central bank set the currency’s fixing lower in an attempt to narrow the gap between the official and unofficial exchange rates. Government bonds fell. The State Bank of Vietnam lowered the reference rate four times this week, setting it at the weakest level [...]
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October 18, 2011
Vietnam’s dong on Tuesday fell to the weakest level in almost six months as the central bank set the currency’s reference rate lower. Government bonds were steady. The State Bank of Vietnam set the daily rate 0.1 percent weaker at 20,723 per dollar, the eighth time this month it fixed a lower level, according [...]
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October 15, 2011
Vietnam’s dong gained, halting a three-day loss, after the central bank pumped in dollars to the currency market amid rising demand for the greenback. Bonds rose. The State Bank of Vietnam sold $150 million this month to stabilize the dong, the Thoi Bao Ngan Hang newspaper reported Friday. The currency strengthened to about 21,350 [...]
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October 14, 2011
Vietnam’s dong traded near a two-week low on Thursday as the central bank lowered its daily reference rate for the fifth time this month. Government bonds rose. The State Bank of Vietnam fixed the reference rate at 20,678 per dollar, compared with 20,668 on Wednesday, according to its website. The dong is allowed to [...]
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