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VCSC Daily - Markets down despite surprise fuel price cut

Market Commentary

03 Jul 2012

Vietnamese shares magnified the losses despite another gasoline price cut. Against yesterday’s advance of most world indices on hopes of easing monetary policies and another fuel price cut by the MOF, the Vietnam stock markets tumbled for the second day of the month when 2012 forecasts released by the National Financial Supervisory Committee suggested 2012 growth targets might not be achieved.

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