The Economist
With little prospect of meaningful reform, the economy could get even shakier
Sep 15th 2012 | HANOI | from the print edition
FOR A Communist leadership that prides itself on bringing political and economic stability to its 90m subjects, the past few weeks in Vietnam must have seemed like a nightmare. There have been more bank runs, executives on the lam, arrests and credit panics than the country has seen in years. So febrile is the atmosphere that on September 7th the deputy-governor of the central bank had hurriedly to deny rumours that the government had just asked the IMF for a bail-out.
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