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VCSC Daily - Vietnamese markets slump on Eurozone debt worries

As Italian bond yields hit new records and the yield curves flatten dramatically, endangering the future of the Eurozone, the Vietnamese markets, without domestic supporting news, further stumbled in today’s trading session in a tandem move with world markets. The news that Standard & Poor's Ratings Services revised its Banking Industry Country Risk Assessment (BICRA) on Vietnam to group '10' from group '9', would have also undermine sentiment.