Vietnam’s National Assembly Starts Term After Elections
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Vietnam’s National Assembly opens today after a series of actions last year that suggest the top legislative body is growing more assertive and willing to criticize the government.
The assembly’s June 2010 rejection of a $56 billion rail line shows the institution could play a larger role on issues such as the economy, said Juerg Vontobel, founder of the U.K.- listed Vietnam Holding Ltd. fund. Vietnamese inflation is at the highest level since 2008 and the country’s credit rating was downgraded last year by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings.