His colleague Laksamana Sukardi--a former banker named to head the MinistryofInvestment and State Enterprises-- wins praise for his market-friendly philosophies more than any concrete macroeconomic credentials.
In the first four months of this year, according to Vietnam Ministryof Planning and Investment, some 18, 000 businesses went bankrupt after falling victims of the credit crunch fuelled by inflation.
The 2006 rules marked an attempt to assert Beijing's authority to approve offshore transactions as if they were occurring onshore, introducing a new requirement to obtain approval for the round-trip investment from the Ministryof Commerce.