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Day: March 11, 2024

This opinion piece re: US dollar, gold prices in Vietnam

the-shiv March 11, 2024

Penned by Nguyen Huu Huan, an economist at the Ho Chi Minh City University of Economics, this piece in The Investor makes several points about US dollar and gold prices in Vietnam. These include: Gold fever is being driven by a lack of other investment options; The rising price of

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Vietnam banks continue to reduce deposit interest rates

the-shiv March 11, 2024

VP Bank, for example, is offering an interest rate of 4.8 percent on a 12-month term deposits, Zing News is reporting. Note that Vietnam has a target for inflation of 4 to 4.5 percent.  This suggests that, despite a jump in interbank interest rates in February, banks still have abundant

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