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.
But Vietnam's stock market meltdown also has echoes of China's property market distress and anti-graft campaign, two factors that rapidly darkened the mood in the Southeast Asian country after a blistering 34% rise in the index in 2021.
