HO CHI MINH CITY -- Vietnam's benchmark VN Index is down 31% this year as global recession fears and rising interest rates fueled the steepest equities plunge in Asia.

Vietnam has seen the sharpest stock market drop in Asia this year, as a crackdown on corruption and worries about the real estate market weigh on sentiment. (Photos by Ken Kobayashi)
Bear market has echoes of China's corruption scandals and property woes