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View Full Version : Vietnam Ready to Force Bank Mergers as Bad Loans Hurt Growth - Bloomberg



NewsWhore
02-29-2012, 02:51 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGAhY6Igb-6BWqHqzTRqQrP-hI46w&url=http://www.bloomberg.com/news/2012-02-29/vietnam-ready-to-force-bank-mergers-as-bad-loans-hurt-growth.html)


Vietnam Ready to Force Bank Mergers as Bad Loans Hurt Growth (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGAhY6Igb-6BWqHqzTRqQrP-hI46w&url=http://www.bloomberg.com/news/2012-02-29/vietnam-ready-to-force-bank-mergers-as-bad-loans-hurt-growth.html)
Bloomberg
The Southeast Asian nation's credit rating was downgraded by Fitch Ratings, Moody's Investors Service and Standard & Poor's in 2010, and the country devalued its currency 7 percent last year. The stock index is up 21 percent this year.

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