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Vietnam Takes Steps to Protect Against Chinese Slowdown

Vietnamese business people may be bracing as China, their country's biggest trading partner, devalues its currency and struggles with economic slowdown. Yet Vietnam is making bigger changes that could help turn it into a regional factory export powerhouse. When China let its yuan currency weaken by 3.5 percent in August, Vietnam took immediate notice. The $186-billion Southeast Asian economy, like China’s, is led by export manufacturing, and that sector grew nearly 9 percent last...

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