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 One-Year Bonds Drop as Banks Cut Holdings to Raise Cash

Vietnam’s one-year bonds fell the most in seven months on speculation banks pared holdings to raise cash to meet withdrawals before the Lunar New Year holiday. The dong was steady.

The State Treasury sold 2.29 trillion dong ($109 million) of 364-day bills at an average 7.90 percent yesterday, according to the Hanoi Stock Exchange website, compared with 7.65 percent on Jan. 21. The yield rose as banks preferred holding cash, paring demand for the notes, said Pham Tri Hieu, a fixed-income trader at Military Commercial Joint-Stock Bank in Hanoi. Vietnam will celebrate the week-long Lunar New Year holiday, known as Tet, starting Feb. 9.

“In two weeks we have the Tet holiday, so banks have to reserve more money to prepare,” Hieu said.

The yield on one-year bonds rose 19 basis points, or 0.19 percentage point, to 8.05 percent, according to a daily fixing rate from banks compiled by Bloomberg. That’s the biggest increase since June 25. The yield on benchmark five-year bonds was unchanged at 9.05 percent.

The dong traded at 20,848 per dollar as of 2:55 p.m. in Hanoi, compared with 20,843 yesterday, according to data compiled by Bloomberg. The State Bank of Vietnam set its reference rate at 20,828, unchanged since December 2011, according to its website. The currency is allowed to trade up to 1 percent on either side of the rate.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.