Vietnam Set to Rely More on Higher Interest Rates, Goldman Says

Vietnam will likely depend on raising interest rates and limiting credit to cool inflation, Goldman Sachs Group Inc. said, two days after the central bank abolished a cap on deposit rates and lifted its benchmark lending rate to the highest since it introduced the base rate in 1998. ``Vietnam is clearly at a crucial stage of its cyclical management for inflation control and ensuring a soft landing of the economy,'' Helen Qiao, Hong Kong-based Goldman economist said in a report...


Full story: Vietnam Business Finance: Viet Nam Set to Rely More on Higher Interest Rates, Goldman Says