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Analysis Reports
Stockbiz.vn analysis reports provides a comprehensive and complete analysis of the industry, business and economic issues.
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Title:
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Vietnam Macro Flash - SBV hikes base rate 100bp, devalues official VND rate by over 5%
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Category:
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Economy
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Source:
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Citigroup Global Markets Inc.
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Sector:
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Company:
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Detail:
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Date:
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11/25/2009
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Pages:
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5
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Language:
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English
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File Type:
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Size:
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133 Kb
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How useful is this report?
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(0 ratings. You must sign in to rate.)
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Summary:
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SBV finally takes its first aggressive step since mid-2008 to stabilize the dong market – we think this is market positive. This latest move comes after repeated statements from SBV that they would not raise rates or devalue the VND this year, which has continued to exacerbate dong depreciation pressures, and erode the country’s credit fundamentals.
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