Vietnam's Government Raises Foreign Ownership Cap

The Emerging Markets Monitor's team of Asia analysts are bearish Vietnam stocks and have been so for the past twelve months. The Viet Nam Index (VNI) has dropped from a peak of 1170 in March 2007 to the current level of 638. The analysts see further downside to key long-term support at 400. With inflation at a 12½-year high of 15.67% y-o-y in February, the government is working to rein in price pressures to keep GDP growth on

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