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Thursday, May 29, 2008

Vietnam - Heading for Currency Crisis?

According to Bloomberg, Vietnam is heading for a "currency crisis'' similar to that of Thailand's baht in 1997, because the central bank has kept the dong too strong as inflation soars and the trade deficit widens. If that is the case, are we heading for another crisis besides the current subprime problems?

http://www.bloomberg.com/apps/news?pid=20601080&sid=aTsaEi_5ljqk&refer=asia

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