12 Jan '11, 2pm

Vietnam acknowledges corruption holds back country:

HANOI, Vietnam – Communist Party leaders acknowledged that rampant abuse of power is holding Vietnam back, telling delegates during the opening of a key meeting Wednesday that cleaning up corruption would help solve the country's economic woes. Propaganda was prominent in the capital as the eight-day National Party Congress started, and armed riot police stood outside the meeting hall. On the streets, Communist hammer-and-sickle monuments stood in traffic circles and thousands of red banners proclaimed "Long Live the Glorious Communist Party of Vietnam!" But most Vietnamese ignored the event while struggling with double-digit inflation and soaring food prices in one of Asia's fastest-growing economies, beset recently by a lost of trust in the currency and credit problems. Truong Tan Sang, the Politburo's second-highest member who is expected to become president, told the n...

Full article: http://sg.news.yahoo.com/ap/20110112/twl-as-vietnam-party...

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