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Vietnam’s benchmark VN Index rose 0.76 per cent by the break on Thursday with shares in all the six listed banks gaining after the central bank allowed a small depreciation of the dong to support exports and curb import demand.
Hanoi-based BIDV, the third-biggest lender by market value, led the gainers with a 3.37-per cent jump, followed by Eximbank, Sacombank, VietinBank, Vietcombank and Military Bank.
The rise reversed their decline on Wednesday, after the central bank lowered by 1 per cent the mid-point rate for the dong on the interbank market to 21,673 dong per dollar, in line with market expectations.
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