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Thứ Tư, 4 tháng 5, 2011

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Vietnam Will Need 50,000 Megawatts More Power Through 2020

May 5, 2011
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s5007981 Vietnam will need to build power plants with a total capacity of more than 50,000 megawatts through 2020, said Pham Hung, deputy director of the energy department of the Ministry of Industry and Trade. Vietnam will put forward policies to encourage investors to help build more power plants, Hung said today in prepared remarks at… [Read more…]
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Posted in: Economy, Industry

POLL – Asia’s growth to cool as inflation heats up

May 5, 2011
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A woman looks at price tags of vegetables at a supermarket in Seoul April 26, 2011. Credit: Reuters/Truth Leem/Files SINGAPORE: Soaring food and energy prices may temper Asia’s economic outlook this year, putting central bankers in a tight spot as they try to cap inflation without choking off growth, Reuters polling data shows. Economists have marked down 2011 growth forecasts for India and Australia since the start of the year, while they pushed up… [Read more…]
Posted in: Politics

BBC Vietnamese staff rebelling against the Vietnamese government ?

May 4, 2011
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Hmongs in Laos begged to be rescued by the Western world Ever since BBC Vietnamese has its “change of the guard” – replacing pre-1975 staff with younger staff that came from Vietnam after the war ended on April 30, 1975 – I have been following its news reporting with skepticism. True to my doubts about its news reportage being used as the Vietnamese government unofficial channel… [Read more…]
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Posted in: Politics

Reduced corruption key to Asia’s rise: ADB report

May 4, 2011
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Anti-Arroyo protestors rally outside the senate while Rodolfo Lozada, a key witness in the corruption probe, testifies during the senate hearing in Manila on Feb. 18, 2008 HANOI (AFP) – Reducing corruption and improving government accountability are the greatest challenges to making Asia the world’s wealthiest region by 2050, says a draft report for the Asian Development Bank. The study, released on Wednesday and discussed at the ADB’s annual meeting in Vietnam, says Asia is undergoing a historic transformation. “If it continues… [Read more…]
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Posted in: Business, Corruption, Economy

“Arab Spring” Offers Faint Hope for Vietnam’s Democracy Supporters

May 4, 2011
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t_nguyen_viet_dem_500x279 April 30 marks the 36th anniversary of the fall of Saigon, the former capital of South Vietnam. For many Vietnamese Americans, the date is infamously known as The Day of National Shame, but this year two other events cast a shadow on the anniversary, and give faint hope to the dream of democracy in Vietnam:… [Read more…]
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Posted in: Human Rights, Politics

China risks clash with rivals over energy grab

May 4, 2011
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Screen shot 2011-01-25 at 7.45.03 AM On her China visit last week, Prime Minister Julia Gillard sought to enhance Australia’s commercial ties with its largest trading partner while downplaying differences in strategic outlook. These include Beijing’s controversial claims to sovereignty over much of the South China Sea, in the maritime heart of South-East Asia. China is already one of the world’s… [Read more…]
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Posted in: Economy, Politics

Vietnam increases rates to fight highest inflation in 28 months

May 4, 2011
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Rising gas prices fuel inflation. Vietnam intensified efforts to tackle the highest inflation since 2008, saying interest rates will rise in May for the second time in a month. The refinancing rate will be boosted to 14 percent from 13 percent, effective May 1, the State Bank of Vietnam said Friday, adding to increases in February, March and April 1.… [Read more…]
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Posted in: Economy

Online commentator receives harsh sentence in Vietnam

May 4, 2011
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Vi Duc Hoi Bangkok, April 29, 2011–Vietnamese authorities should release democracy activist and online commentator Vi Duc Hoi, who was given a five-year prison term Tuesday for critical essays posted on the Internet, the Committee to Protect Journalists said today. Hoi, a former high-ranking Communist party member turned pro-democracy activist, was originally sentenced to eight years in prison… [Read more…]
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Posted in: Human Rights

Doubts cast on Asia’s sprint to domination

May 4, 2011
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Asia is set on an immutable course to global economic dominance Prominent voices are beginning to challenge a widespread belief that Asia is set on an immutable course to global economic dominance. The Asian Development Bank, the region’s only continent-wide institution, will say on Wednesday that the widely predicted Asian century may not materialise. The ADB’s warning, in a report prepared for Asian governments attending its… [Read more…]
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Posted in: Economy, Politics

Key political risks to watch in Vietnam

May 3, 2011
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A shopper buys a vegetable in a market in Hanoi, Vietnam, Tuesday, May 27, 2008. Rising food and construction costs drove Vietnam's inflation rate to 25 percent in May, the highest rate in more than a decade. (AP Photo/Chitose Suzuki) HANOI, May 3 (Reuters) – Vietnamese policymakers drove the economy to a robust 6.8 percent growth rate in 2010, but the cost was macroeconomic stability. Since February they have been struggling to contain double-digit inflation and have had limited success in preventing the dong from depreciating further, but it will be several months before the… [Read more…]
Posted in: Corruption, Economy, Human Rights, Politics

Vietnam: “State priests”, a real challenge for the Vietnamese Church

May 3, 2011
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y1pPMitc4LRdM9ALF3T72AAidc7xGeWQUDHzp84gNDxf3seHRsZt-PLOjIg77MSSAl38RxHhRxv6zQ The archdiocese of Saigon has removed a priest who was a candidate for election, but the phenomenon of clergy who work more or less openly with the regime is a serious concern, because it leads to the distancing of the faithful. The case of a priest who interrupted parishioners reciting the rosary … Hanoi –… [Read more…]
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Posted in: Politics, Religion

Asia Seeks to Diversify Record Foreign-Exchange Reserves as Dollar Falls

May 3, 2011
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Rajat Nag, managing director of the Asian Development Bank, said Asia needs to use its reserves more productively regardless of whether it is to set up financial safety nets or to invest more. Asian nations are pooling funds to strengthen regional investment, in a step toward diversifying record foreign-exchange holdings as the U.S. dollar declines. Ten Southeast Asian nations, along with China, Japan and South Korea, plan to discuss an infrastructure fund to boost investment in roads, ports and utilities at a meeting of finance officials that started… [Read more…]
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Posted in: Economy

Vietnam Arrests Award-Winning Publisher

May 3, 2011
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Bui Chat (extreme right) with his award, April 25, 2011. He could languish in jail for up to nine months before facing any official charges. Vietnamese authorities have arrested a local underground publisher on his return home after receiving an international award for courageously upholding freedom to publish, an industry group said Monday. The Geneva-based International Publishers Association (IPA) said Bui Chat, who was awarded… [Read more…]
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Posted in: Human Rights

Vietnam says pledged foreign direct investment declines 48 pct

May 3, 2011
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FDI Vietnam’s government said pledged foreign direct investment into the nation declined almost 48 percent in the first four months of 2011 from a year earlier. Committed investment dropped to $4.02 billion, the Foreign Investment Agency of the Ministry of Planning and Investment said in a statement on its website today. Disbursed foreign investment gained 0.6… [Read more…]
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Posted in: Economy

China Has ‘Highly Repressive’ Press: Poll

May 3, 2011
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mediafreedom-400 Asia suffers a modest decline in an annual media freedom survey. The level of press freedom in the Asia-Pacific region has fallen, with conditions in China “highly repressive” and with extensive state and Communist party controls also evident in Laos and Vietnam, U.S. human rights group Freedom House said in an annual survey Monday. The… [Read more…]
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Posted in: Human Rights

New changing policies make investors puzzled

May 3, 2011
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20110425165529_invest People now have to cudgel their brains about what they should do to protect their assets to cope with the changing policies on gold, dollar and Vietnam dong. Many individuals are considering converting dollars into Vietnam dong and depositing dong at banks. Previously, keeping dollars were the top choice for them to protect their money.… [Read more…]
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Posted in: Business, Economy

Global Press Freedom at Lowest Level in More Than Decade

May 2, 2011
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Photo: Reuters Journalists and activists participate in a rally calling for press freedom in central Ankara, Turkey, March 19, 2011 (file photo) Freedom House, a U.S.-based group that monitors human rights around the world says the number of people with access to free and independent media has declined to its lowest level in more than a decade.  In its newly released annual survey, the group says several key countries saw significant declines last year and that only… [Read more…]
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Posted in: Human Rights, Politics

Vietnam central bank chief confident in inflation fight

May 2, 2011
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Vietnamese central bank governor Nguyen Van Giau May 2 (Reuters) – Vietnamese central bank governor Nguyen Van Giau expressed confidence on Monday in government steps to curb soaring inflation, days after raising key policy rates for the second time in a month in the face of stubbornly high prices. Giau declined to say how much he expected inflation, which hit a 28-month… [Read more…]
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Posted in: Economy

China’s train wreck

May 2, 2011
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Is China’s high-speed rail a model for U.S. transportation? Based on his travels in China, Washington Post editorial writer Charles Lane thinks not. For the past eight years, Liu Zhijun was one of the most influential people in China. As minister of railways, Liu ran China’s $300 billion high-speed rail project. U.S., European and Japanese contractors jostled for a piece of the business while foreign journalists gushed over China’s latest high-tech marvel. Today, Liu Zhijun is ruined, and… [Read more…]
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Posted in: Politics

Vietnam Needs to Reduce Dollar’s Use in Economy, ADB Aide Says

May 2, 2011
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images1865422_1 Vietnam needs to reduce U.S. dollar transactions in its economy and restore confidence in the dong as faster inflation deters use of the local currency, said Ayumi Konishi, the Asian Development Bank’s Vietnam director. Dollars make up about 20 percent of money used in Vietnam, Konishi told reporters at a conference in Hanoi today. With… [Read more…]
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Posted in: Economy

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