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Vietnam set to adjust and target lower inflation

Vietnam’s National Party Congress, which closed today, is the most important set-piece meeting of the Communist Party. Comments from the top officials, to no-one’s surprise, suggest that containing inflation and accelerating state-enterprise reform are the top priorities for 2011. GDP growth will probably slow this year but inflation should ease too by year end. This means that Vietnam stocks should be one of Asia’s best performing markets in 2011, after being amongst the worst last year.

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