HSBC Says Buy Vietnam's Dong as Central Bank May Relax Currency Controls

(Bloomberg) -- Investors should buy the Vietnamese
dong to benefit from a possible relaxation of currency controls
as the central bank attempts to stem inflation, according to
HSBC Holdings Plc.

The State Bank of Vietnam, the country's central bank, has
allowed the dong to weaken about 1 percent against the dollar in
each of the last three years to promote exports and economic
growth. The inflation rate accelerated to a nine-month high of
7.3 percent last month as economic growth quickened, the
government said May 23.


Read more at Bloomberg Currencies News