Vietnam holds rates steady and commits to dong liquidity


After conducting a review of monetary policy, the State Bank of Vietnam has said all key interest rates will remain unchanged for the remainder of 2009 and early 2010.

The central bank also said it would adjust the interbank exchange rate to reflect market movements in order to keep the exchange rate of the dong against the US dollar and other key currencies broadly stable.

The exchange rate is 18,700 dong to the US dollar at present, but has been facing strong downward pressure. Record high tra

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