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Vietnam steps up bank and state firm reforms in economic roadmap

Reuters
February 23, 2013, 12:01 am TWN

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HANOI -- Vietnam has approved a broad plan to boost its economy to 2020, focusing on restructuring public investment, banks and state-owned enterprises while controlling inflation and maintaining growth.

The Southeast Asian nation's economic growth fell to a 13-year low of 5.03 percent last year as reduced consumer demand piled up inventory at many firms, forcing many into bankruptcy, further adding to banks' bad debt problems.

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