Suiram

How Vietnam is Coping with Hyper-Inflation

This article is rather embarrassing in its use of hyperbole. To start with the photoshopped VN Index graph, while maybe you couldn't find a graph that went past Feb-08 (vndirect.com), just adding a line going straight down to 200 and throwing in Jul-08 is ridiculous (at least match the color of the original line).

Consider the issue of confidence and how the lack of confidence in the market was what caused the stock market to plunge. No one is arguing that the real estate values and stock prices were sound before the crash, but a correction does not always lead to a crisis.

You also speak of escalating inflation and completely misuse hyper-inflation by constantly drawing a comparison to Zimbabwe which is about as similar as France to Vietnam. If you actually were to look at month to month inflation, it is decelerating not increasing.

While no one claims Vietnam is in a perfect position, these kinds of articles are exactly the problem. A major issue is simply the lack of confidence in the market and pushing bullshit like this only creates a self fulfilling prophecy.