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Pessimistic scenario: the world economy may turn back to the recession period due to European sovereign debts and rising inflation because of the hike in oil and food prices. In this context, the securities market will continue to move sideways with low liquidity during 2011 instead of deep decrease because the current P/E 11x of Vietnam stock market is the lowest in the region. Therefore, the probability of a steep decline is not likely to happen.
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