[Vnbiz] Ministries participate in fighting inflation

[Tran Dinh Hoanh]

Dear brother Phong,

I have heard you whine and complain all the time and not even one word on
how to solve the problem.  It would be beneficial for all if you have one
solution laid out on the table before earning the privilege to complain
about the entire Vietname government.  As far as I am concerned the US
governmentt still don't know what to do with this economic problems now, not
mentioning its Department of Commerce. Please help us see.

Have a great day!

Hoanh

On Thu, Apr 10, 2008 at 7:57 PM, <Hong-Phong_Pho at ita.doc.gov> wrote:

> [ Vietnam Business Forum ]
>
>
>
> This house, then mud hut with tin roof, narrow escaped the regional
> conflagration that badly damaged the neighborhood then known as the Asian
> Financial Crisis.  Even before the smokes cleared, the more conservative
> among the firemen went on a victory lap, congratulating themselves about how
> well Vietnam fared.  The reality was that, since Vietnam was so unintegrated
> at that time that the financial contagion could not spread; there was no
> fuel for the fire.  That episode set back progress and reforms for at least
> a couple of years.  While the neighbors rebuilt and put in sprinklers,
> Vietnam was still trying to delay equitization of the banking sector, and
> lost valuable time for putting in place needed regulations for a healthy
> financial sector, as if the rope and bucket approach to financial
> fire-fighting is still acceptable.  (Former PM V V Kiet, in his report on 2
> decades of Doi Moi, outlined this back-and-forth struggles between those in
> Party who advocated stability and protection of the Party and those who
> would push the limit for more progressive changes.)  It took a few years for
> the progressive to gather forces and move forward again.
> Now, more than a decade latter, we have a decent wooden house that we can
> be justifiably proud of compared to the mud hut, and a couple of garden
> hoses for fire protection.  The time to plan for the fire is before it
> stated.  With an under equipped fire department, Vietnam can't afford to be
> self-satisfied and shouldn't be cheered on indiscriminently.  Moving back to
> mud huts isn't a very good options.  Building fire-safe brick houses will
> require stronger foundations, a proper municipal water system with enough
> pressures, large enough roads for fire trucks, fire trucks and fire fighter
> who know how to use foam to suppress electrical fires, and a thousand other
> things.  All of these take careful, plodding, planning, much resources,
> vision and leadership, a different kind of leadership than arriving at the
> fireline with a bullhorn to call on the entire neighborhood to line up with
> the ropes and buckets.
> Cheers,  HPP
>
> --
> Tran Dinh Hoanh, Esq., LLB, JD
> Washington DC
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