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Vietnam’s nancial market is still weak, the
transition to exible arrangement of exchange
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PhD, Foreign Trade University , Vietnam; Email: vinhntt@ftu.edu.vn.

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ndings may have signi cant implications for WUDGH ZHLJKWHG H[FKDQJH UDWH UHDO HIIHFWLYH
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is de ned as “advantage of exibility´
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