# Gov’t studies making use of idle dollars, gold

> 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.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70262-gov-t-studies-making-use-of-idle-dollars-gold
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Mobilising domestic dollar and gold holdings could ease Vietnam's external borrowing and support the dong, with limited direct impact on feed commodity prices.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/govt-studies-making-use-of-idle-dollars-gold-post115382.vnp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.