Vietnam on world newspapers

http://online.wsj.com/article/SB118228605988540978.html?mod=googlenews_wsj
Business or Pressure
bài nhận định trên Thời Báo Phố Wall, The Wall Street Journal ( WSJ)

http://www.cnn.com/2007/POLITICS/06/21/vietnam.us.ap/
U.S. lawmakers slam Vietnam president on human rights
But during an hourlong private meeting, senior U.S. lawmakers repeatedly took Triet to task for claims by rights groups that Vietnam has recently ramped up repression of political activists and religious leaders, according to U.S. lawmakers at the meeting.
"Human rights was overwhelmingly the dominant issue. From start to finish, that was the theme," said Rep. Ed Royce, R-Calif. "We''ve got to see a stop to this conduct if this relationship is going to improve."
http://e***ion.cnn.com/2007/POLITICS/06/22/vietnam.us.reut/
"We''ll widely open our arms to welcome you," he said through a translator in a luncheon speech to the U.S. Chamber of Commerce and U.S.-ASEAN Business Council in Washington.
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"In the long run, a free and democratic Vietnam will be a much more reliable partner than a communist one," said Diem H. Do, chairman of the Vietnam Reform Party, a group banned in one-party state but active in overseas Vietnamese communities.
Party activists would stage a pro-democracy rally near the White House while Bush hosted Triet, Do said.
A group of 25 U.S. lawmakers sent a letter to Bush on Thursday urging him to raise the cases of detained activists and broader human-rights issues with Triet.

http://www.ft.com/cms/s/44e10ca6-2e02-11dc-821c-0000779fd2ac.html
Vietnamese market
Published: July 9 2007 11:36 | Last updated: July 9 2007 11:36
That screeching sound is the brakes being applied to one of the worldâ?Ts hottest stock markets. The Vietnamese authorities, having witnessed a botched initial public offering and bracing themselves for a handful of bank privatisations at an estimated $1bn or so apiece, are planning to review the pipeline. One possibility is that the expected surge of offerings â?" hungrily awaited by would-be investors â?" will be stretched out over a longer period.
The authorities are right to take stock. Despite a 23 per cent slide earlier this year, the VN Index has still doubled in the past 12 months. Prices, at around 25 times forward earnings, are not stratospheric â?" at least compared with China â?" but are roughly twice the level of most neighbouring markets. Most glaringly, Vietnam has chosen some rather bizarre listing methods. Shares are sold by auction, with shares going to the highest retail and institutional bidders and strategic investors paying the average price. That is fine until, as happened on a recent deal, retail investors get carried away and strategic players are left carrying the can. Shares are not sold and listed simultaneously; instead, they spend a couple of months or even years trading on the opaque over-the-counter market, which is hard for foreigners to access.
Meanwhile, other measures under way are likely to crimp liqui***y. Moves to trim margin trading, for example, will reduce participation and could result in a spate of selling as the new curbs comes into effect at the year-end. None of this, however, means the Vietnam marketâ?Ts moment in the sun is over. Demand is still voracious. HSBC reckons there is $3bn-$4bn raised in country funds that has yet to be invested in the market; Japanese travel agencies actually run investment tours to the country. Staggering IPOs will keep demand hot, and the review opens the possibility of further adjustments. After all, a market not yet seven years old is entitled to a few teething problems.
Copyright The Financial Times Limited 2007