The Viet Nam Inflation is accelerating at a faster pace in 28 months

April 23, 2011, 11: 31 am EDT by Bloomberg News

April 24 (Bloomberg) — the inflation of the accelerated Viet Nam the fastest rate since 2008, putting pressure on the Government to tighten policy more after nearly doubling interest key within six months.

Consumer prices climbed 17,51% in April from the previous year, according to figures published today by the General statistical office in Hanoi. The rate is the highest since December 2008 and compares with pace 13.89 percent last month. Prices rose 3.32% in April by the March.Policy officials increased the redemption rate to 13 percent from 7 percent in November and cut the target for the growth of the 2011 credit to tame inflation and regain investors confidence in the ability of the Government to prevent the economy from overheating. Yet, food and products constitute an important part of the household expenditure and an increase in gasoline and costs of power will be stoking inflation, Standard & Poor said this month.Inflation shows few signs of responding to fiscal and monetary austerity immediately, "said Bill Stoops, investment officer head manager of funds based in Ho Chi Minh-City, capital of the Dragon. "Public policies aimed at slowing inflation works with a lag effect."The inflation rate may peak at nearly 20 per cent before relaxing to approximately 13% at year end, according to U.K. list of Viet Nam property Fund Ltd., which is managed by the cost of borrowing Central Bank raised the Capital.Vietnam Dragon for the second time within a month on 1 AprilWhen the refinancing rate has increased by 13% to 12%. The repurchase rate has been raised at the same level.Redemption rate of political RateThe in which the Central Bank conducts open market operations is rate of key policies of the Viet Nam, according to Santitarn Sathirathai, an economist based in Singapore to the Credit Switzerland Group AG, which expects an increase of 14% at the end of the year.In addition to Sathirathai rate increases may stimulate the burden of debt, said in a research note. Market loan rates are as high as 21 per cent, according to the Viet Nam Property Fund. "This concern will put a cap on how the State of the Viet Nam Bank is willing to increase interest rates, forcing them to use other tools to tighten monetary policy,"he says, citing quantitative controls on the growth of credit and money.Vietnamese inflation is not only the result of global influences with a strong domestic demand, expanded money supply and a weaker dong all contributors, said Sathirathai.Une Government's decision to allow prices to be adjusted as often as all three months according to market conditions can report a new increase in the price of electricity from more than 40 percent in June, according to Viet Capital Securities. Electricity prices have increased by about 15 percent in March. "According to the Ministry of finance, the most recent adjustment was insufficient to adapt perfectly to the market rates,"Marc Djandji, head of research for capital Viet, said in a note on 18 April.

-Folkmanis Jason Ho Chi Minh City. Editors: Stephanie Phang, k. Oanh Ha

To contact the reporter on this story: Jason Folkmanis to Ho Chi Minh City to the folkmanis@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang to the sphang@bloomberg.net

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TEPCO said plan three months of cooling to Fukushima

6: 39 Pm EDT by Jason Clenfield, April 14, 2011

(Adds comment from President NRC in ninth paragraph).

Estimates of Tokyo Electric Power Co. April 14 (Bloomberg) — the fight to stabilize its Fukushima crippled reactors will last until June, leaving the plant vulnerable to more replicas and radiation leaks, said that someone informed on the business plan.Tokyo Electric engineers have rejected a proposal to flood damaged its plant reactors, which could reduce temperatures in days rather than months, depending on the person, who asked not be identified because he is not allowed to speak to the media. Instead, the utility is pumping water and evacuation off the coast of steam, a method called "feed and bleed."Since the magnitude 9 earthquake and the tsunami struck the Fukushima Dai-Ichi station on 11 March, there are hundreds of aftershocks, including one this week that disabled the power of the plant and cooling systems for up to an hour. As the crisis drags on, there is the risk of new accidents, said Pierre Zaleski, former member of the French Atomic Energy Commission. "" The problem is these aftershocks, "says Zaleski, Executive Director of the Centre for the geopolitics of energy and materials to the University of Paris Dauphine. "You never know if it has more replicas and containment may fail - perhaps not completely - but these structures have been weakened."Bad PublicityTokyo electric is reluctant to flooding of its reactors because the move would generate bad publicity, said the person. Flooding would increase the amount of contaminated water that gets into the ocean and also raise the possibility of explosions of hydrogen more within the containment, the person said.Workers may not start the process of decommissioning of four reactors reversed the plant until the temperature and pressure were overthrown. Cleaning of the catastrophe, which has forced the evacuation of hundreds of thousands of people living within 20 kilometres (12 miles) from the plant, could take several decades and cost more than 1,000 billion yen (12 billion dollars).The main danger to the plant is reactor No. 1, where the temperatures and pressures are still high and the water level is low, the person said. In the heart of the reactor water levels fell yesterday, according to data published by Tokyo Electric, leaving 1.65 metres of fuel rods exposed to air, where they can heat and melt, releasing radiation pressure vessel.20 centimetersWhile Tokyo Electric plan for ending the crisis said get presentations of the fuel rods covered by water is a stabilization measure, as the person informed on the document, shows data from the utility pumping efforts have failed to raise the level of water more than 20 centimeters within 35 days from the beginning of the disaster.Failure to raise water levels is part of the reason to the United States Gregory nuclear-Chairman Jaczko Regulatory Commission this week called the situation "static", rather stable. "Significant additional problems" could still occur at the plant, he said at a hearing of the Senate Environment and the Committee of the work public April 12(a) combination of make-shift of pipes of fire and pumps used to cool the reactor is not providing enough water, according to the person. Measured temperatures 204.5 degrees Celsius (400 degrees Fahrenheit) in the cause of ship yesterday, or twice the boiling point, the water into steam, creating a sauna-like cooling system that is less effective, the person said.Days, not MonthsFlooding space between the pressure vessel, surrounding confinement can even cause temperatures in days rather than months, as the person.While Tokyo Electric has not announced a line of time to resolve the crisis, the person said that the utility has drafted an internal document, two weeks ago, called the "Tepco short/medium/Long Range stimulus" whose goal is to have stabilized at the end of June.Tokyo reactors Electric President Masataka Shimizuspeaking publicly this week for the second time since the beginning of the disaster, said a schedule to cope with the crisis "will be presented soon."Shimizu spoke to journalists a day after a magnitude-6 temblor, 6 disturbed Fukushima power for 50 minutes, definition return strives to cool reactors at a plant already weakened by explosions and of Earth and the tsunami of last month's earthquake. "We will study ways to resolve the crisis and obtain the support of the United States and the France,"Naoyuki Matsumoto, spokesman for the utility, based in Tokyo, said yesterday." He refused to comment on the specific measures envisaged.The utility decision makers walk the tightrope between risk, said David Lochbaum, a professional engineer nuclear safety in the Union of the scientists involved in Washington, D.C. Although floods could cause weakened containment structures to break, a process more slow has also disadvantages, said. "They are to return to a situation where they have more control,"he said, referring to the progress made in the restoration of the roads and the power plant." "The downside is that a surprise or a slippery could cause things worsen."

-With the help of Yuji Okada at Tokyo. Editor: Bill Austin

To contact the reporter on this story: Jason Clenfield in Tokyo at the jclenfield@bloomberg.net

To contact the editor responsible for this story: Peter Langan to plangan@bloomberg.net

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