Bloomberg News

Vietnam’s Stocks Rise Most in Asia On Bank Rate Order

March 23, 2012

(Corrects banks’ rankings in first paragraph)

Vietnam’s stocks rose, driving the benchmark index up the most in Asia, after the central bank ordered five lenders to lower the interest rates they charge on loans.

The Ho Chi Minh City Stock Exchange’s VN Index gained 1 percent, to 450.29 as of 11:46 local time, poised for the highest close since March 5.

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: K. Oanh Ha at oha3@bloomberg.net


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