The Currency Newshound: Bloomberg: Vietnam Downgrade Adds Momentum to Clean Up State Loans: Economy

The Currency Newshound
Providing news which shapes the Iraqi economy and the future of the Iraqi Dinar
Bloomberg: Vietnam Downgrade Adds Momentum to Clean Up State Loans: Economy
Oct 5th 2012, 14:04

As Vietnam wins a yearlong battle to tame inflation and stabilize its currency, the spotlight is moving to the drag on growth from undercapitalized banks that have channeled credit to the nation's state-owned companies.

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