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Vietnam Suspends Gold Imports

Posted on June 24, 2008

Inflation is soaring in Vietnam. The cure is simple. All Vietnam has to do is stop the expansion of money and credit. Vietnam is instead looking at trade deficits and gold.Voice of America is reporting Inflation, Trade Deficit Cause Worry in Vietnam.Just a few months ago, Vietnam was touted as the new China, with its fast-growing economy drawing billions of dollars in foreign investment. But then came an inflation problem that seems to have gotten out of control. Now the government is wrestling with a slew of problems that threaten to knock the country's economic success off the rails. Matt St...

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bernanke , currency , deficit , economy , euro , exchange rate , housing , housing bubble , inflation , interest rates , yuan