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Global Deals Review: Q4 2009

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Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

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Vietnam not seeking IMF loan program-World Bank

Thu Jun 26, 2008 3:55pm EDT

WASHINGTON, June 26 (Reuters) - Vietnam is not seeking an International Monetary Fund loan program to deal with pressures from economic overheating, contrary to market rumors, a senior World Bank official said on Thursday.

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"There have been rumors in the market that Vietnam was going to the IMF, and that is not true," Jim Adams, vice president for the East Asia and Pacific region, told Reuters.

He said there are concerns about overheating problems in Vietnam, arising from rapid credit growth in 2007, and rising inflation, but added that the government has responded "appropriately" in raising interest rates.

"We feel very confident about the medium term," Adams added. (Reporting by Lesley Wroughton; Editing by Jonathan Oatis)

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