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Economy

Petrovietnam scandals lay bare stalling state-sector reforms

Overhaul grinds to halt after US TPP withdrawal, but problems more deep-rooted

For decades, Petrovietnam has enjoyed an effective monopoly on fuel sales in the country, but the entry of foreign players is likely to increase competition. REUTERS/Kham   © Reuters

HANOI -- Vietnam has been enjoying the highest levels of economic growth in the Association of Southeast Asian Nations, but efforts to reform state-owned enterprises -- a key to further expansion -- seem to be going nowhere. 

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