Vietnam is downgraded to B2 from B1 by Moody's, which also cuts the ratings of 8 banks as the...

|By:, SA News Editor

Vietnam is downgraded to B2 from B1 by Moody's, which also cuts the ratings of 8 banks as the country deals with the downside of a credit bubble. Arrests of bankers, businessmen, and state company executives are coming in bunches, with the latest being that of Tran Xuan Gia, a former investment minister. VNM +11.2% YTD, but -23% over the past 4 months.