Vietnam’s bonds decline on concern inflation fight may ease

Vietnam’s bonds declined after Standard & Poor’s said the country’s economic stability depends on the government keeping its pledge to slow credit growth and it’s too soon to conclude the situation is improving. The dong was little changed.

“The government’s policy measures include tighter fiscal and monetary policies,” Kim Eng Tan, a Singapore-based analyst at Standard & Poor’s, wrote in a report dated April 11. “The risk that the government may not follow through on these measures is significant.”