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Vietnam Dong Falls after Credit Suisse Sees Further Weakening

Vietnam’s dong fell by the most in three weeks after Credit Suisse Group AG said the currency’s recent stability will likely be temporary and it will resume weakening by year-end. Government bonds dropped.

The dong will decline 1.4 percent to 20,900 per dollar by the end of 2011 and reach 21,400 by the end of next year, according to a Credit Suisse research note released today, which also said the currency’s recent steadiness was driven more by administrative measures than monetary tightening.