http://afp.google.com/article/ALeqM5i4pVLaE9jL2PWOJ-yxV5_NHTS56AVietnam inflation hits 27 percent, trade gap widens
2 days ago
HANOI (AFP) - Vietnam's annual inflation rate hit 27 percent in July,
the government said Thursday, as rocketing food and fuel costs saddle
its economy with one of Asia's toughest battles against rising prices.
The figure was only a little higher than June's 26.8 percent, but the
government's decision earlier this week to hike retail petrol prices
more than 30 percent is thought likely to push inflation still higher.
Other official data Thursday estimated Vietnam's trade deficit for the
January-July period at 15 billion dollars as imports surged more than 50
percent.
The figures come after the Asian Development Bank on Tuesday warned
Vietnam to take decisive measures to avoid the kind of economic meltdown
suffered by Thailand in 1997, which triggered the Asian financial
crisis.
Vietnam was once widely hailed as Asia's next economic tiger, but has
been battered by double-digit inflation, a ballooning trade gap,
tumbling share prices and worries about the banking sector and its
currency, the dong.
In July alone, food and beverage costs rose by 44.7 percent
year-on-year, while the price of the staple food rice and other grains
was up 72.7 percent, the state-run General Statistics Office said in a
preliminary report.
Prices for housing and construction materials were up by 24.9 percent,
clothing and footwear was up 10.9 percent and pharmaceuticals and health
care costs rose by 9.5 percent for the month.
For the first seven months of the year, the consumer prices index has
risen by 21.28 percent, the figures showed.
The statistics office's trade figures showed imports in the first seven
months totalled 51.9 billion dollars, up 56.8 percent year-on-year.
Exports rose 37.7 percent to 36.9 billion dollars.
The communist nation spent 8.2 billion dollars on importing equipment
and machinery, a rise of 40.3 percent.
With large oil reserves but no operating refinery, the country used 7.8
billion dollars to buy petroleum products, a rise of 90.7 percent amid
record high global energy prices.
Vietnam earned 6.8 billion dollars from selling crude oil, a rise of
52.2 percent against the same period last year.
Footwear sales earned Vietnam 2.8 billion dollars, up by 18.4 percent.
The country's export turnover from this sector might change as the
European Union on Wednesday decided to end preferential tariffs for
Vietnamese-made footwear and some other goods.
The trade deficit for July alone stood at 700 million dollars.
The government has said it has given top priority to fighting inflation
and lowered its 2008 economic growth target to seven percent.
According to the government website, the public sector, including 15
major state enterprises, have cut more than two billion dollars in costs
from almost 3,000 projects scheduled for this year in a bid to help
reduce inflation.
The Asian Development Bank forecast Vietnam's economic growth would slow
to 6.5 percent this year and then hit 6.8 percent in 2009, from 8.5
percent last year.
| | | |
| | | | | | | |  | Ryan Gardner/Gazette-Times Chris van Rossman's television sent out a distress signal that was picked up by an orbiting satellite. | Mystery signal traced to TV By Jennifer Nitson Corvallis Gazette-Times CORVALLIS — When Chris van Rossman moved into his downtown apartment about a year ago, his parents bought him a new 20-inch color TV with all the bells and whistles.
The flat-screen Toshiba came with its own set of stereo speakers, a 181-channel tuner, built-in VCR, DVD and CD players, a V-chip for parental control over content and, of course, a remote control.
Van Rossman, unfortunately, does not have cable and can only get four channels in his apartment. He mostly watches Oregon Public Broadcasting, which comes in clearest, and he's acquired a taste for OPB children's programming.
Maybe the television suffered an identity crisis. Maybe it aspired to higher things.
Whatever the reason, van Rossman's TV set sent out a cry for help. It began emitting the international distress signal on the night of Oct. 2.
The 121.5 MHz frequency signal was picked up by an orbiting search and rescue satellite, which informed the Air Force Rescue Coordination Center at Langley Air Force Base in Virginia.
Such signals usually come from electronic locator transponders that help search and rescue workers find overturned boats or crashed airplanes. It is said that more than 90 percent of ELT signals are false alarms, but each and every one is checked out.
Langley got on the horn to the Civil Air Patrol, an all-volunteer auxiliary to the Air Force, and the CAP got ahold of Benton County Search and Rescue Deputy Mike Bamberger for assistance in locating the source of the signal.
"My initial thought was, ‘Oh, it's the airport again,'" Bamberger said. "We've had the signals from the airport go up the Willamette River all the way through Albany and into Lebanon."
The radio-wave signals can bounce off metal structures and rocky hillsides. From time to time Bamberger is dispatched to the airport to locate a transponder in a plane that has been bumped by a mechanic or set off by a rough landing.
But this case was different.
Armed with small receiving devices, Bamberger and a group of Civil Air Patrol volunteers determined the distress signal was coming from an apartment building on the corner of Fourth Street and Jackson Avenue, narrowing the possible sources down to a couple of upstairs units.
On the morning of Oct. 3, van Rossman opened his front door to find CAP personnel in Air Force uniforms, a Corvallis police officer and a Benton County Search and Rescue deputy looking at him expectantly. To his credit, he did not stress out.
"I have a pretty spotless record, so I wasn't overly concerned — just a little confused," van Rossman said. "The police officer asked if I was a pilot or had a boat or anything. I said no, and they moved on."
After checking in with van Rossman, the group continued the search.
"We narrowed it down to a spot on the wall in the hallway," Bamberger said. "Whatever was behind that spot is what it was."
They knocked on van Rossman's door again, and the signal abruptly stopped.
"When he answered the door he turned off the TV, and the guy in the hall said, ‘It just stopped,'" Bamberger recalled.
An inspection of the television confirmed it was the source of the signal. "Their equipment was just bouncing everywhere as they turned it on and off," van Rossman said.
Van Rossman was instructed to keep his TV turned off or face fines of up to $10,000 per day for emitting a false distress signal.
He's not taking any chances. He's keeping the television unplugged just in case he forgets one morning, groggy with sleep.
Unfortunately, the warranty on the TV had run out 16 days before it started freaking out. It had already tried to escape the van Rossman household by refusing to play DVDs a few months back, but that didn't bother van Rossman. He has a DVD player on his computer, and besides, he mostly just likes to watch OPB — especially "Arthur."
"I find other stuff to do," van Rossman said. "It's not too important. It's changed my morning routine."
Alas, "Arthur" will have to wait.
Not for too long, though. Maria Repole, director of public relations at Toshiba, is going to get van Rossman a new TV.
"We have never experienced anything like this before at Toshiba," Repole said. "We really value customer satisfaction, and we will replace the television set free of charge."
Repole told Toshiba's technicians about the TV in distress, and they'll be on the lookout in case it happens again, she said.
"They've never heard of that before," Repole said. "They don't really have a technical explanation available. It's just very strange."
David Mandrell, squad leader for the CAP team that responded to the TV's distress call, attempted an explanation.
"All electronic equipment creates a frequency called a tempest," he said. "Sometimes these frequencies emit low-level signals that are close to the 121.5 MHz signal."
Mandrell has heard of this sort of thing happening with customized computer gear. Sometimes CAP equipment will pick up these signals, he said, but they are usually weak enough to ignore.
"This was really strong," Mandrell said. "This was abnormally strong. It kind of surprised us." | | | | | |
| Copyright © 2008 Corvallis Gazette Times, A Lee Enterprises subsidiary | |
| | | | |
Possibly one of the best jobs in the world...
East Meets West Foundation
COUNTRY DIRECTOR
Hanoi, Vietnam
East Meets West Foundation, the leading non-governmental development agency in Vietnam, seeks a country director to manage and develop programs and projects in its offices in northern and central Vietnam. Position supervises 80 staff members and oversees annual budget of approximately $20 million, with $15 million spent on infrastructure construction.
Main Duties: Supervise, evaluate staff performance, oversee fiscal management and planning. Direct program implementation in four core areas: clean water & sanitation; education; pediatric health; and infrastructure construction. Initiate new and expand existing programs, develop project and program objectives. Supervise development of annual workplans and budgets. Maintain positive working environment; conduct regular staff meetings. Make decisions on projects, expenditures, and personnel, and manage budget compliance. Liaise with government agencies and NGOs. Ensure compliance with donor requirements. Provide program and financial reports to US headquarters office to assist in strategic planning, and to donors and government agencies as needed.
Qualifications: Advanced degree in international development, health, public administration, engineering, or related field preferred. Substantial overseas international development experience managing multidisciplinary team required. Demonstrated experience: working with donors and funding agencies; forming effective relationships with local agencies in a developing country; building high-performing teams. Excellent written and oral English; competency in Vietnamese highly desirable. Frequent travel required.
Please apply to, or send candidate nominations to:
In United States:
Selection Committee, attn. Sylvia Townsend, Office Manager
P.O. Box 29292 Oakland, CA 94604
(510)763-7045
sylvia@eastmeetswest.org
In Vietnam:
Selection Committee, attn: John Anner, Executive Director
No. 1, Lane 40, Linh Lang Street Hanoi, Vietnam
Phone: 4-834-7790;
janner@eastmeetswest.org
246 words
7 July 2008
Thai News Service
English
(c) 2008 Thai News Service
Section: Regional News - A meeting was held in Ho Chi Minh City on July 3 to mark the 232nd Independence Day of the US (July 4).
President of the Ho Chi Minh City Union of Friendship Organisations Le Hung Quoc and US Consul General Kenneth Fairfax shared the view that the recent state-level commitments between the two countries match the speedy development of the direct contacts between their peoples.
Vietnam always considers the US an important partner and wants to build an all-round cooperation, solidarity, and friendship with the US , affirmed Quoc.
Vietnamese and American people, be they politicians, social activists, entrepreneurs, students, or pupils, share the same vision of a long-term and sustainable cooperation for development between the two countries, he said.
US Consul General Fairfax noted that the number of Vietnamese and US people visiting each other's country, has increased rapidly, saying that it will contribute to building a brighter future for the US-Vietnam relationship.
He said he was happy at the strong increase in the number of Vietnamese students studying at US universities and colleges and the figure is expected to double last year's figure to 9,000 this year.
Important results were also recorded in bilateral cooperation in social and humanitarian fields, the fight against terrorism and trans-national crimes as well as the fight against bird flu and HIV/AIDS, Fairfax said. - VNA