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More on the US$411 million of treasury bonds issued last week

The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week.

Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels.

Le Xuan Nghia, a member of the National Financial and Monetary Policy Advisory Council, said it was to remove cash borrowed at relatively high interest rates from commercial banks struggling to find borrowers.

And FiinGroup, a leading Vietnamese financial data provider, said it was all about exchange rates and showed the State Bank of Vietnam was willing to intervene when necessary. (Note that up until June, Vietnam was on a US list of possible currency manipulators maintained by the US government).

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