Research Centre
Free access to research reports covering macro economy, market, sectors or individual stocks |
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| Title |
Vietnam set to perform at least 30% in 2011 |
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| VCSC |
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| File Detail |
| Date: 13/12/2010 |
Page: 4 |
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| Description |
Stabilisation of macro could bring more flows into VND denominated assets: In a recent visit with officials at the Ministry of Finance, we learned that there’s a growing trend of thought that policy should target inflation rather than growth as the former will bring greater stability which in the end would favour growth. Should this policy be implemented (we are not sure it will, depends on the upcoming elections), we believe capital flows from of foreign currencies and gold into VND assets could swell. Market leverage, which is currently low, could lead to further PE expansion. |
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