Vietnam Bonds Rise on Central Bank’s Cash Injection; Dong Falls
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Vietnam’s five-year bonds advanced on speculation cash added to the financial system by the central bank provided lenders with more funds to purchase government debt. The dong fell.
The State Bank of Vietnam added a net 17.6 trillion dong ($836 million) this month through yesterday via open-market operations, compared with 12.6 trillion dong for the whole of November, according to Nguyen Duy Phong, a Ho Chi Minh City-based analyst at Viet Capital Securities.