Finance / Vietnam
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Vietnam's Government Raises Foreign Ownership Cap
March 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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