In article "Grappling with success" published in the Economist in February 2008, the author is talking about Vietnam seems in trouble these days, because of the imprssive economy growing rate Vietnam's annual inflation rate had hit 14.1% this year, its highest since 1995. As a result the food price are up by whoping 22% year -on-year.Vietnam's economy growing rate was 8.5% last year which was one of highest in Asia .From now on the goverment does not ted to cool the economy down.The Prime minister ,Nguyenn Tan Dzung acclaimed that this year's the growing rate will be 9% but the governor of the State Bank of Vietnam, Nguyen Van Giau ,is very worried about this growing rate,because the rising prices may cause a crash to the wholde country,as the price goes up people's salary still remain the same .Meanwhile the same thing happened in China and Thailand too, so those goverments began to pay attention to this issue and tried to control the price in some areas.
For my own opinion i think control the price is really a urgent now ,otherwise the life for the people who only have lower salary will be a disaster and if the goverment don't do something like cool down the growing rate ,however , the growing econmoy will do more harm than the good.fast econmoy growing rate is not always good.
For my own opinion i think control the price is really a urgent now ,otherwise the life for the people who only have lower salary will be a disaster and if the goverment don't do something like cool down the growing rate ,however , the growing econmoy will do more harm than the good.fast econmoy growing rate is not always good.
2 comments:
I have heard about this. Many people in my country are complaining that they can't afford for their lives now. I hope that my government will have a good solution soon.
What is China doing?
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