BUSINESS

VIETNAM PRESS-Banks step up buying of govt bonds - Vietnam Economic Times

Banks in Vietnam have increased the purchase of government and government-backed bonds this year due to slow lending and rising deposits, according to a senior bank executive, the Vietnam Economic Times newspaper reports.As much as 25 trillion dong ($1.2 billion) was raised via auctions of the debts in February, up 16 percent from the previous month, the report said. A total of 17 among the 25 bon

Reuters News

March 7, 2014

As much as 25 trillion dong ($1.2 billion) was raised via auctions of the debts in February, up 16 percent from the previous month, the report said. A total of 17 among the 25 bond bidders registered for 2014 were commercial banks.

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NOTE: Reuters has not verified this story and does not vouch for its accuracy.

(Hanoi Newsroom; Editing by Prateek Chatterjee)

((hanoi.newsroom@thomsonreuters.com)(+844 3825 9623))

Keywords: VIETNAM PRESS/BANKS