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...Indian Industry. That problem has left some officials uncertain how to proceed, especially in countries such as Vietnam, which joined the World Trade Organization last year and has been opening up its economy to market forces. Vietnam suffers from the highest inflation in Asia; the country's Prime Minister, Nguyen Tan Dung, recently acknowledged during an interview with TIME that "promptly responding to adverse impacts of the global economy is a relatively new matter...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...When Nguyen Tan Dung became Prime Minister of Vietnam two years ago, the former central bank governor was widely viewed as a progressive who would continue to drive the communist country's remarkable transition from moribund planned economy to a booming capitalist one. But this year, Vietnam's outlook has dimmed. While GDP growth remains strong at more than 7%, the inflation rate has rocketed to 25%, there have been a large number of outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January, making it the worst-performing in the world...

Author: /time Magazine | Title: Vietnam's Prime Minister Tackles Inflation | 6/23/2008 | See Source »

With raunchy comedies becoming the latest Hollywood trend in the last couple of years, do you believe comedic cinema is regressing? -Sara Nguyen in HARRISBURG, PAI think it's all cyclical. I think things having to do with comedy just change, and it's so subjective. What makes one person laugh will definitely not make another laugh, and I don't think there's any one universally funny thing. That's why there are so many different veins of comedy. Slapstick has been around forever, gross out humor, stoner humor, drier stuff, romantic comedy, there are all sorts of different...

Author: /time Magazine | Title: 10 Questions for Steve Carell | 6/19/2008 | See Source »

...Prime Minister Nguyen Tan Dung told the country's National Assembly on May 31 that the number of households going hungry has doubled in one year. "The government understands and shares with the people," Dung said. "And sees it is their responsibility to try to best curb inflation." So far, Hanoi has moved to cool the economy by requiring banks to increase their reserves; the central bank has also raised interest rates to 12%. But inflation is being made worse by Vietnam's weakening national currency. The Vietnamese dong has fallen roughly 1.5% against the dollar in the past...

Author: /time Magazine | Title: Vietnam's Troubled Economy | 6/9/2008 | See Source »

...piggy banks. But any sudden moves can also threaten to strangle businesses and scare away new investors, which Vietnam must avoid if it is to meet its revised 7% growth rate. Still, while the numbers look bad now, Vietnam's long-term economic outlook is good, says Tom Nguyen, head of global markets at Deutsche Bank in Ho Chi Minh City. Some think the government's ability to deal with public dissent swiftly and harshly lessens the threat that strikes will turn into violent protest or will encourage calls for political change. Vietnam remains a stable country of 85 million...

Author: /time Magazine | Title: Vietnam's Troubled Economy | 6/9/2008 | See Source »

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