VINACHEM

Vietnam’s five-year government bond
yield dropped the most in two months on speculation falling borrowing
costs and weak credit growth are buoying demand. The dong was little
changed.

The Finance Ministry is calling for comments on a proposal to raise
the tax on mining iron ore, titanium, gold, copper and several other
minerals by 3 to 10 percentage points.

Gold rebounded to trade above $1,400
an ounce as equities retreated and the dollar’s rally halted,
boosting demand for the metal as a store of value. Silver,
platinum and palladium increased.

Vietnamese inflation slowed to its
weakest pace in eight months in May, official data showed on Friday, in
the latest sign that the economy is cooling.

VietNamNet Bridge – The State Bank of Vietnam (SBV) this year
will be selling more than 30 tons of gold and importing a corresponding
volume to help banks maintain their gold positions and meet market
demand, said a source from the central bank.