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Vietnam lending rates rise, pre-Tet cash demand high

Feb 09, 2010, 9:54 AM (GMT+7)
Dong loan rates rose on Monday on Vietnam’s interbank markets as banks faced tight liquidity after lending outpaced deposit growth ahead of the Tet holiday next week, bankers and industry reports said. The central bank’s sale of around $3 billion in US dollars to banks in December and January meant dong funds were hard to come by, state-run Saigon Tiep Thi newspaper said in an online report, citing... 
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