Wednesday, June 11, 2008

Former Vietnam president Vo Van Kiet dies

The man credited with opening up Vietnam's economy to the world in the 1990s, has died.

A former prime minister, Vo Van Kiet, was 85.

Our South East Asia correspondent, Karen Percy, says Mr Kiet was prime minister twice - in 1988 and then again from 1991 to 1997.

During his second term in office he pursued the concept of 'doi moi' or market reform.

Since then, Vietnam has boasted annual growth of more than eight per cent although the government still puts stringent controls on foreign business dealings.

In recent years, Vietnam has remained one of the region's fastest growing economies, but with inflation at 25 per cent, investors are now worried that the bubble might burst.

Vo Van Kiet served as a Viet Cong soldier in the country's south during the Vietnam war.

In a media interview last year, Mr Kiet spoke of the need for greater political reform in a country which has only one legal political party, the Communist Party.

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