Bonds and the dong advanced after the government said economic growth would be stable as the impact from the US credit turmoil would be minor.
The yield on the benchmark five-year note fell for a second day, declining 6 basis points to 15.8%, according to a daily fixing price from 10 banks compiled by Bloomberg. A per-cent consists of 100 basis points.
The dong strengthened 0.03% to VND16,595 a dollar as of 3:30 p.m. in Hanoi, according to prices compiled by Bloomberg. The currency is at its strongest level in 12 days.
The State Treasury failed to sell VND1 trillion (US$60.3 million) worth two-year bonds in an auction Thursday at the Hanoi Securities Trading Center because of lack of participants, according to an e-mailed statement from the center.
Vietnam Dong, Bonds rise
Catalogues: Bonds , Vietnam Dong - VND
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