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Vietnam govt has no plans to devalue dong -BIDV

Fri Jun 6, 2008 2:06pm IST
 
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HANOI, June 6 (Reuters) - The Vietnamese government has no plans to devalue its currency, the dong, while it has sufficient foreign currency reserves to meet investor's demand to convert their funds into dollars, Vietnam's second-largest bank BIDV said.

Vietnam would strive to reduce its inflation to single digits by 2010, Prime Minister Nguyen Tan Dung told BIDV Chairman Tran Bac Ha, at a meeting on Thursday, BIDV said in a statement on Friday. (Reporting by Ho Binh Minh)

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