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The Vietnamese government asked the State Bank of Vietnam to study interest rate policy that would encourage locals to deposit idle US dollars and gold in banks. Deposit rates on dollars are currently zero, while Vietnam still borrows dollars abroad at about 4%.
Officials estimate about 500 tonnes of gold are held by the public.
Mobilising domestic dollar and gold holdings could ease Vietnam's external borrowing and support the dong, with limited direct impact on feed commodity prices.
en.vietnamplus.vnVietnam+ (VietnamPlusJul 25, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
