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Last Updated: Friday, February 03, 2012 10:16:57 Vietnam (GMT +07)

Vietnamese bonds advanced, pushing benchmark five-year yields to the lowest since October, on speculation demand will improve as debt redemptions boost cash in the financial system. The dong strengthened.

Coffee exports from Vietnam, the biggest grower of the robusta variety used in instant drinks and espressos, may increase this month as good weather helps beans to dry and as the Tet holiday ends, said traders and officials.

The government will facilitate the restructuring of banks but not fully subsidize the costs involved in the process, State Bank of Vietnam governor Nguyen Van Binh has said.
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Vietnam’s government bonds gained on speculation investors will reinvest funds from maturing debt and push prices higher. The dong dropped.

Rice exports from Thailand, the world’s biggest shipper, may decline 10 percent this year on competition from India and Vietnam even as the value of the shipments gains, according to the Foreign Trade Department.

Rice exports from Vietnam, the world’s second-largest shipper after Thailand, may total 400,000 metric tons this month, 25 percent less than a year earlier, according to the Ministry of Agriculture and Rural Development.

Further price cuts are inevitable if developers want to woo homebuyers back to the market, news website Vietnamnet cited industry insiders as saying.
Vietnam has successfully pursued a development strategy for agricultural growth, allowing the country to become one of the world's major producers of various crops, a World Economic Forum report said Friday.
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