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Foreigners still banking on Viet Nam
Friday, May 16, 2008
There are many factors that indirectly support bank share prices. Foreign investors, still believing in domestic banks, continue to buy bank shares. The prices of king shares (a term used to denote bank shares) have been dramatically decreasing on the official stock market since early May with prices now below face value. However, experts say that the situation will improve soon as there are many factors that support bank share prices. ACB and Sacombank, two listed banks, have announced satisfactory business results for April. Meanwhile, unlisted banks have also announced good news. Full story here : 
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