Vietnam’s currency devaluation points to continued “challenges” Credit Suisse

Panhead at 00h27
20
Aug
2010
Vietnam’s currency devaluation points to continued “challenges” Credit Suisse

Vietnam’s currency devaluation points to continued “challenges” and it’s too soon to turn positive on the world’s worst-performing stock market this month, Credit Suisse Group AG said.

The central bank this week lowered the reference rate for the dong by 2 percent, the third devaluation since November. Currency reform is “badly needed,” Credit Suisse analysts Dan Fineman and Siriporn Sothikul
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20/08/2010 at 00h27 by "Panhead"