Vietnam stock market outlook in 2011

Vietnam stock market outlook in 2011 : The gold and jewelry stores along Ho Chi Minh City's Le Loi Street are doing a roaring trade most mornings, selling everything from U.S. dollars to South Korean won to residents desperate to unload their dong. The biggest trades often are made by vendors who also hawk goods like shirts, shoes and dried mangoes at the cavernous Ben Thanh market nearby. On a recent Tuesday, Nguyen Thi Phuong placed several bricks of Vietnamese dong on the glass table at Thuy Van's kiosk and asked how much to convert it into gold. The answer: 36.7 million dong per tael, or $1,447 per ounce, about 2.3% higher than international prices that day.

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