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State Bank of Vietnam issues more treasury bills, total hits US$2 billion

The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion). For some perspective, that’s about .5 percent of Vietnam’s GDP which is around US$400 billion. 

It’s been widely reported that this is a move to shore up the currency which could have knock on effects. See: Vietnam state media confirms T-bills issued to support local currency

See also: State Bank bills issued last week actually worth more than US$1.2 billion 

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