USA Today reported on the progress of the Ho Chi Minh Stock Index, Vietnam’s decade old stock exchange. Despite its roots in the communist country, the market has grown significantly since it began ten years ago, due in part to Vietnam’s strong gambling culture. Professor Roberta Karmel, a former SEC Commissioner, recently published an article on the Ho Chi Minh Stock Exchange and spoke to USA Today on the issue. “While there has always been an element of gambling in stock markets everywhere, this is something that's prevalent in Asian societies,” she said.
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