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VCSC Daily - Hanoi MoM CPI down to 0.13% may help sentiment Thursday

Though Wall Street’s rise on Tuesday helped most Asian stock markets higher, sentiment barely improved in Vietnam with markets ending mixed. We saw investor confidence continue to deteriorate as rumours abound and liquidity dries up. The government reiterated its commitment to Resolution 11 on curbing inflation to single digits. The SBV announced it would support smaller banks or find ways to consolidate less solvent banks, even mentioning forced mergers.