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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January 10, 2012
Vietnam’s government may weaken the dong this year as gold buying puts downward pressure on the currency, according to economists who advise the prime minister. The country may adjust the dong-dollar reference rate by five percent to six percent in 2012, the National Financial Supervisory Commission wrote in a report released in Hanoi on [...]
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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 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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April 11, 2011
Vietnam’s central bank raised the amount of dollar deposits lenders must set aside as cash to curb the use of foreign currency in the nation and stabilize the dong. The reserve ratio on deposits held in the US currency will increase by 2 percentage points to a range from 3 percent to 6 percent [...]
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November 12, 2009
Vietnamâs central bank on Wednesday lifted a 1-1/2-year-old ban on gold imports in a bid to stabilize the market after a sharp rise in prices helped drive the countryâs dong currency to a record low. âThe State Bank of Vietnam will allow gold imports with a volume sufficient to intervene in the market in order [...]
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September 19, 2009
Vietnam’s central bank governor, Nguyen Van Giau, said on Thursday the dong was being managed “with flexibility, as normal”, a day after his predecessor was quoted recommending a small devaluation. Asked whether the central bank had plans to allow the currency to depreciate quickly, Giau said: “I have no comment. Nothing at all.”On Wednesday, the [...]
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June 19, 2009
Fears the US dollar will strengthen further against the dong have kept businesses from borrowing in dollars despite low interest rates, bankers say. Interest rates on dollar loans at local banks were lowered by 0.3-0.6 percent per year to 3-6 percent in the week ending June 10, the central bank said Friday in its weekly [...]
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June 19, 2009
Fears the US dollar will strengthen further against the dong have kept businesses from borrowing in dollars despite low interest rates, bankers say. Interest rates on dollar loans at local banks were lowered by 0.3-0.6 percent per year to 3-6 percent in the week ending June 10, the central bank said Friday in its weekly [...]
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