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Vietnam devalues Dong, raises interest rates by 1%

Wed, Nov 25 2009, 04:09 GMT
http://www.forexlive.com

There are some emerging markets that are still struggling and Vietnam is one of them, perhaps showing the rest of the world what might happen to it without bail-out packages and stimulus measures. The central bank of Vietnam has devalued the Dong by just over 5% and raised interest rates to 8%.

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