Bonds complete best week in two years; dong advances

Vietnamese government five-year bonds last Friday completed the best week in at least two years, strengthening as investors showed more confidence on the economy.

The yield on the five-year note fell 1.85 percentage points this week.

That’s the biggest weekly decline since at least July 2006.

The Vietnamese dong gained, headed for a weekly advance on speculation that investors are regaining confidence in the currency.

“The macroeconomic indicators are further improving and remain under control, the concern about the currency have been considerably eased,” said Le Ba Hoang Quang, Hanoi-based head of research at the securities unit Saigon Thuong Tin Commercial Joint-Stock Bank.

Thanhnien

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