Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Vietnam’s Bonds Gain on Cash Surplus at Banks; Dong Holds Steady

Vietnam’s bonds gained, pushing the five-year yield to the lowest level in three weeks, on speculation banks have more funds to buy debt as an economic slowdown saps demand for loans. The dong held steady.

The yield on the benchmark five-year notes fell four basis points, or 0.04 percentage point, to 9.80 percent in Hanoi, according to a daily fixing from banks compiled by Bloomberg. The overnight interbank deposit rate slid for the eighth day, falling 36 basis points to 1.47 percent, data from lenders show.

“Bond yields dropped in line with declines in interest rates in the interbank market,” said Nguyen Thi Ngoc Anh, head of fixed-income trading at Asia Commercial Bank in Ho Chi Minh City. Banks face difficulties in lending as slowing growth hurts companies, according to Anh.

The economy grew 4.66 percent in the three months to June from a year earlier, and Deputy Prime Minister Vu Van Ninh said last month full-year expansion may fall below the government’s 6 percent target.

The dong traded at 20,868 per dollar as of 4 p.m. in Hanoi, unchanged from yesterday, according to data compiled by Bloomberg. The central bank set its reference rate at 20,828, unchanged since Dec. 26, according to its website. The currency is allowed to trade as much as 1 percent on either side of the fixing.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.