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Published 13 July 2012 05:09, Updated 18 July 2012 19:58
Red flag ... Foreign investors complain that Vietnamese state-owned companies abuse their position as government-connected industry gatekeepers. "They're a pain in the a--," says one American business lawyer in Ho Chi Minh City. Photo: AP
Few business people predicted the Vietnam of 2012: a country struggling with a weak currency, inflation, red tape and cronyism.