[Vnbiz] Ministries participate in fighting inflation

[Tran Dinh Hoanh]

Dear anh Craig & CACC,

Thanks for the note, Craig.  I think everyone is clear abut my position on
this issue.  But just in case there is some misunderstanding somewhere,
please allow me to clarify my position a little more.
I am talking about the government's ability to fight off this inflation
problem and avert an immediate economic crisis NOW.  I am not talking about
anything in the far future.  I am not talking about any other issue, such as
governance transparency, human rights, so on and so forth.

It means, in my judgment, so far the government has done a very good
leadership job to mobilizing the country into the fight, and a very good
technical job in its measures to control banking safety, control monetary
circulation, control inflation, increase production and export.  In my
opinion, that is a superb job.
The word "NOW" up there means everything needs to be changed according to
circumstances.  Tomorrow is not now.   When you fight a battle, you are not
supposed that anything will stay the same.  If things change tomorrow and
require changes in some measures, I expect that to happen. If the government
doesn't change them then, it may expect to hear my complaint. So I don't
want anyone to tell me later: "Hey, you support that measure, why do you
complain about it now?"  My response then would be: "Hey, that was then, and
this is now."

The word "NOW" also means that measures used now for this immediate problem
may not be good at all for future economic long-term economic growth.
Short-term crisis management is different from long-term growth management.
So some of these measures will have to be changed and dropped later on.  We
will talk about that when we cross that bridge.

So in sum, all I am talking about this inflation issue is just that--the
government's ability to manage this inflation problem for now.  So if this
afternoon I send a message complaining about the leadership's conduct on
something else, please don't say that I am wishy-washy.

Have a great day!  Oh, for Craig, yes, you are absolutely right that there
will be shocks coming , that is the nature of economic problems, especially
when the problems have external actors not within your control.  We just
have to anticipate them and react swiftly.

Have a great day!


Hoanh

On Thu, Apr 10, 2008 at 9:16 AM, Craig Stevenson <cstevenson2000 at gmail.com>
wrote:

> [ Vietnam Business Forum ]
>
>
> Dear CACC:
>
> The government is doing what it can, what it thinks best, we can second
> guess on this issue, at the moment, yet it is pointless. What is not
> pointless is a broader dialogue to try to navigate the trials that we will
> face in the (near) future (we being all Humanity).  To believe that there
> aren't further such shocks on the horizon, and that soon all will be well
> again, perpetually as well as in the past, is stupid.
>
> Anh Hoanh has obviously made his mind up on these issues, or more
> precisely what I suspect to be what he believes is important vis-a-vis
> stability.  This is evidenced by his unmoderated support over these last few
> months, and as a leader of this group, we must respect his efforts.  I might
> not (always) agree with what he says, but I will support unto death his
> right to say it.
>
> Craig
>
>
> On Thu, Apr 10, 2008 at 12:09 AM, Tran Dinh Hoanh <tdhoanh at gmail.com>
> wrote:
>
> > [ Vietnam Business Forum ]
> >
> >
> > Dear Brother Dung,
> >
> > Welcome to the club.  Disagreement is daily food in this family :-)
> >
> > But why don't we just wait and see, so we don't have to argue on
> > theory.  From what I have seen so far in the current inflation issue, I rank
> > the leadrship ability to stay calm, to take time to hear all arguments and
> > reasonings, then making an obvious collective decision that gets the entire
> > government to be active in the fight.  That is no ordinary task.  Most
> > leaders cannot do that at all.  (If some people can't see it, then they just
> > can't see it, because they can't comprehend the difficulty of staying calm
> > and mobilizing your entire team during a crisis).  I have said in a couple
> > of weeks we will start to see more winning signs.  That is earlier than any
> > prediction by anyone so far.
> >
> > Indeed, one victory sign has come, the stock market has stabilized in
> > two weeks.  Of course, as in any war, things will be up and down at times.
> > But it is very clear that this leadership is doing a superb job, much better
> > than I have expected, and they will win the inflation war big time.  Keep
> > all my messages for future proofs.
> >
> > Have a great day!
> >
> > Hoanh
> >
> >
> >
> > On Wed, Apr 9, 2008 at 11:35 PM, Dyung Le <dyungle at hotmail.com> wrote:
> >
> > > [ Vietnam Business Forum ]
> > >
> > >
> > > "Leadership is the kind of skill that sometimes some people can't even
> > > see it even if it is right in front of their eyes." ?
> > >
> > > This statement is so amazing that I have to respectfully disagree!
> > >
> > >
> > > Dung Le
> > > --
> > > Tran Dinh Hoanh, Esq., LLB, JD
> > > Washington DC
> >
> >
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-- 
Tran Dinh Hoanh, Esq., LLB, JD
Washington DC
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