VietNamNet Bridge - Answering the question whether the state's policy to survive the estate market is to protect "group interests," Minister of Construction Trinh Dinh Dung affirmed that protecting the interest of enterprises is protecting the interests of people.Very hard to break the frozen estate market, says minister National Assembly (NA) deputies raised tough questions to Minister of Construction Trinh Dinh Dung at the NA Standing Committee's meeting on January 24. Many deputies asked Dung to clarify the beneficiary of the package of solutions to defrost the frozen real estate market, the estate businesses or the ordinary people who do not have a house yet. Deputies also asked the Government to make a clear and transparent message on the housing pricing policy for low-income people as well as their access to bank loans. Deputy Chief of the NA delegation of Thanh Hoa Province, Mr. Le Nam, said there was collusion of interest groups to push the estate prices up. He said it is … [Read more...] about Is there group interest in the policy to rescue estate market?
Tough questions to ask
Equity research key to informed investors (12-05-2008) by Prof Patrick Gougeon ESCP-EAP The VN-Index has dropped from over 1,000 to just 500 within a few months. How could that happen? The right question to ask may be: since, from January 2006 to early 2007, the VN-Index outperformed the regional index (MSCI Asia excluding Japan) by about 100 per cent, is there any way to explain such a bullish market? A market anomaly, most would say, and, unsurprisingly, it was corrected. From outside Viet Nam, observers would probably put forward a contagion effect following the subprime crisis to explain the dramatic drop in the Vietnamese market. Vietnamese, however, know they also have to blame themselves. The next question is: how to turn this crisis into an opportunity? It is true that foreign direct investment jumped by nearly 70 per cent to $20 billion last year, but the 8.5 per cent growth of the economy last year was essentially driven by domestic demand largely fed with a spur in lending. … [Read more...] about Equity research key to informed investors
Democratic presidential contender Hillary Rodham Clinton on Saturday attacked President George W. Bush for "arrogance and incompetence" in Iraq but faced tough questions over her own vote to authorize the war. On her first visit in a decade to the state that helps kick off the 2008 White House race, Clinton told voters in New Hampshire that Iraq was a challenge because of "the arrogance and incompetence of our administration in Washington." At a town hall meeting of about 300 people in the city of Berlin, the New York senator was asked by one participant to repudiate her 2002 Senate vote for a measure that cleared the way for the March 2003 invasion. "Knowing what we know now, I would never have voted for it," she responded. "I gave him the authority to send inspectors back in to determine the truth. I said this is not a vote to authorize pre-emptive war." Later at a high school gym packed with about 3,000 people in the state capital, Concord, she was asked if she … [Read more...] about Hillary Clinton faces tough questions over Iraq
The health ministry demanded an explanation Thursday from the Vietnam Food Safety Association for approving a Republic of Korea milk powder brand with lead content above permissible levels. The health ministry demanded an explanationThursday from the Vietnam Food Safety Association forapproving a Republic of Korea milk powder brand with lead content above permissible levels. The association, known as VINAVOSA, recently allowed Hanoi-based Viet Anh Co., the official importer of XO powder milk, to register the lead content in the milk at 2mg/kg. In Vietnam, the permissible level is 2mg/kg for milk and milk products and 0.5mg/kg for ready-cooked food, health beverages, and tinned food for children. Health experts said, therefore, as a product for children XO milk must conform to the 0.5 mg/kg level. Ministry inspectors said Thursday, however, that analysis of four samples of XO milk (XO 1, XO 2, XO 3, and XO 4) on April 13 found that the lead content was from 0.19 to … [Read more...] about Health ministry asks tough questions about lead in imported milk
Outlook (27-10-2006) Rigid diplomacy fails to sway North Korea by Pham Diem Quynh Last week's visit by US Sec-retary of State Condoleeza Rice to Japan, South Korea, China and Russia was seen as a change in US diplomatic tactics. Rice's tempered message was well received across Asia. Her approach to the North Korean issue was presented in a persuasive and consensus-building manner. Rice took a step forward by indicating in Seoul that Washington's public position for the moment is heading in the direction of diplomacy. The official US stance is to seek the resumption of six-party talks between the United States, China, Russia, Japan, South Korea and North Korea. However, Washington still has not lifted the financial sanctions against North Korea. In fact, economic and financial sanctions are currently being tightened. This is despite Rice's talk of continuing negotiations and avoiding an escalation in tensions. Sanctions should be calculated wisely for there to be any hope … [Read more...] about Rigid diplomacy fails to sway North Korea