Your Web Site
By Shawn W Crispin As Vietnamese Prime Minister Nguyen Tan Dung returns from his hat-in-hand trip to the United States, at home he faces a fast deteriorating economy, rising social unrest and now behind-the-scenes opposition over his leadership style and economic policies from inside his own ruling Communist Party. Vietnam's sudden and spectacular economic meltdown - witnessed in a 26.8% inflation rate in June, a spiraling current account deficit, the world's worst-performing stock market so far this year, and most recently rumors the government has requested an International Monetary Fund bailout package - is generating unseen but discernible ripples inside the secretive ruling party, according to political analysts who closely monitor party personalities and maneuvers. Dung's inability to rein in inflation and calm market... [read full story]
