Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vietnam Bonds Fall as Banks’ Demand Cools; Dong Little Changed

Nov. 7 (Bloomberg) -- Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable.

The State Treasury sold a total of 1.1 trillion dong ($52.4 million) of three-year and five-year notes on Nov. 3, less than the 2 trillion dong offered, according to the Hanoi Stock Exchange. There were four bidders in each of the sales, compared with eight to 10 bidders at auctions of bonds with similar maturities on Sept. 1.

“Only four financial institutions joined the auctions, meaning that only a few players have enough funds to be able to bid in the primary market,” Nguyen Duy Phong, Cao Tan Phat and Le Nguyet Anh, analysts at ACB Securities Co. wrote in a research note dated Nov. 4.

The yield on five-year government bonds gained for a second day, adding one basis point, or 0.01 percentage point, to 12.44 percent, according to a daily fixing from banks compiled by Bloomberg.

The dong was little changed at 21,009 per dollar as of 3:10 p.m. in Hanoi, according to data compiled by Bloomberg. The central bank fixed the reference rate at 20,803 per dollar today, having left it unchanged since Oct. 28, according to its website. The currency is allowed to trade up to 1 percent on either side of the rate.

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.