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Banking

Vietnam is hottest yet in new year surge

Stock markets keep on rising as the country celebrates the onset of the Year of the Pig. But market participants expect a correction soon and the regulators are eager to ensure that it is a controlled one that does not see off foreign capital. Elliot Wilson reports.

                                                                  Asia market round up: China's hot... Vietnam's hotter

PHAM MINH HUONG is caught up in something exciting and at the same time rather worrying. "Right now I am standing in the middle of the market, and I can feel the heat," she says. "It has become fashionable to talk about it at every dinner party and it has become so popular even students are participating."

It’s hard to tell at first whether the chairwoman of Ho Chi Minh City-based brokerage and investment bank VNDirect Securities is talking about Vietnam’s red-hot stock markets or the Lunar New Year carnival that’s clattering away behind her but she quickly clarifies her remarks.

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