The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.
Visiting Vietnamese finance and banking officials and representatives
from the Association of Banking in Italy (ABI) discussed policies to
stabilize the monetary market in Rome late last week.
The State Bank of Viet Nam (SBV) purchased roughly US$7.7 billion worth
of foreign currency for the national foreign exchange reserve in the
first quarter this year thanks to stable foreign exchange rates, SBV
Governor Nguyen Van Binh said.
