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. [...]
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 [...]
Vietnamâs five-year bonds rose, snapping a three-day decline, after the central bank increased funds in the system, raising speculation lenders will have more money to invest in debt. The dong was little changed. The monetary authority pumped about VND15 trillion ($813 million) into the money market to help keep banksâ borrowing costs down, Tuoi Tre [...]
