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Last Updated: Wednesday, May 16, 2012 02:15:00 Vietnam (GMT +07)
Vietnam needs to step up efforts to reform the banking and state-owned enterprise sector to have higher sovereign ratings, Fitch has said in a new report, affirming the country's foreign and local-currency issuer default ratings at B+.
The State Bank of Vietnam says weak commercial lenders in the country are under control as the restructuring of the banking system is well under way.
Vietnam needs to revise regulations on the pricing of fuel products to bring them in line with market trends, an official said, adding that it would take a long time.
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