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VCSC Daily - Uncertainty of VND29 trillion fiscal package rattles already weak market

Market Commentary

17 May 2012

National Assembly hesitant on fiscal package – Despite opening in the green, the VNI notched up its 7th consecutive losing session at the close. The same scenario played out on the northern bourse, as the HNI also closed in negative territory. Already weak investor sentiment was rattled on the uncertainty of the VND29 trillion fiscal package up for vote at the National Assembly meeting starting 21 May 2012.

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