Dong drops after gov’t says to control prices more
Vietnam’s dong fell after the government said it is determined to curb inflation. Bonds fell Thursday.
“The government will take every possible measure to stop consumer prices from rising and to stabilize the market,’’ Deputy Prime Minister Truong Vinh Trong said.
The dong lost 0.07 percent to 15,969.5 against the US dollar in Hanoi, the first drop in almost two weeks, according to prices compiled by Bloomberg.
Government bonds dropped Thursday, with the yield on the benchmark five-year note rising 1 basis point to 8.59 percent, according to a daily fixing price from 10 banks compiled by Bloomberg.
A basis point is 0.01 percentage point.
Source: Bloomberg
Vietnam’s dong fell after the government said it is determined to curb inflation. Bonds fell Thursday.
“The government will take every possible measure to stop consumer prices from rising and to stabilize the market,’’ Deputy Prime Minister Truong Vinh Trong said.
The dong lost 0.07 percent to 15,969.5 against the US dollar in Hanoi, the first drop in almost two weeks, according to prices compiled by Bloomberg.
Government bonds dropped Thursday, with the yield on the benchmark five-year note rising 1 basis point to 8.59 percent, according to a daily fixing price from 10 banks compiled by Bloomberg.
A basis point is 0.01 percentage point.
Source: Bloomberg
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