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Vietnam's September PMI rises to a 5-month high of 49.2 from 47.9 previously. The country may be...

Vietnam's September PMI rises to a 5-month high of 49.2 from 47.9 previously. The country may be in only the early-medium stage of the downside of a credit bubble, complete with a banking system in need of recapitalization the government cannot afford. "(Vietnam was) neither prepared nor competent to handle the huge inrush of foreign capital in the last decade," says Morgan Stanley's Ruchir Shara.
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