Dong advances for second day against dollar

The Vietnamese dong rose for a second day on speculation the government is allowing the currency to gain to help combat inflation.

The dong advanced 0.02 percent to 16,113.50 per dollar Friday, according to data compiled by Bloomberg.

The government will attempt to keep inflation from exceeding last year’s level, according to a statement on the cabinet’s website this week.

Consumer prices climbed 19.4 percent in March from a year earlier, compared with 15.7 percent in February, the statistics office said.

The inflation rate in December was 12.6 percent.

Government bonds were little changed Friday with the benchmark five-year note yielding 9.07 percent, according to a daily fixing price from 10 banks, compiled by Bloomberg.

A basis point is 0.01 percentage point.

Thanhnien

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