A device the size of a hand-held drill is brought to the animal's head, a trigger pulled and a four-inch bolt shot into its brain, causing it instantly to collapse. The unconscious calf is hoisted upside down and slaughtered seconds later with a massive cut to its throat, showering the floor with a torrent of crimson blood.
“Vietnam is benefiting substantially from the rebound in world trade, which is projected to continue through 2011 at nearly the same pace as this year,” the publication estimates. “The economic expansion rate is expected to pick up slightly in 2011, to about 7%, as investor confidence improves in tandem with more subdued inflation and a more robust external position.”
The outlook also points out that the government’s policy of tightening prices and the good rice harvest has contributed to pulling back inflation from 9.5% in March to 8.2% in July and August 2010. Meanwhile, trade deficit narrowed to an estimated 2.7 billion in the first half (5.6% of GDP) from $8.0 billion in July-December 2009.
At their launching of the Asian Development Outlook Update 2010 publication which provides their assessment of recent economic developments in Asia and the Pacific and medium-term macroeconomic projections for the region, the ADB also updates information on the outlook of Vietnam’s economy.