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 [...]
The Vietnam Association of Financial Investors has asked that government bond investors be exempt from corporate income taxes to boost bonds sales that have sunk on low interest rates. The State Treasury failed to sell VND1 trillion (US$56.2 million) in bonds on June 4 as investors expected higher yields, according to an e-mailed statement from [...]
