First things first: Vietnam's stock-exchange plan faces obstacles

Article Abstract:

Vietnam plans to establish a stock exchange in Ho Chi Minh City by the end of 1993. Bui Nguyen Hoan and other members of the city's Institute for Economic Research, whom the government has deputed to draft the proposal for the exchange, expect that the effort will not be completed until the end of 1994 due to the complexity of writing regulations and training staff. The exchange will begin by selling government bonds and shares in joint-stockholding firms. The government hopes to encourage the Vietnamese people to invest their estimated $1 billion in gold and hard currency.

Stock-exchange, Stock exchanges

---

Woes of ownership

Article Abstract:

The Vietnamese communist authorities, in an effort to win the confidence of private businessmen, has been returning properties that it had expropriated in a 1983 crackdown on private ownership. Many of the victims became targets of party hardliners because they had managed to acquire property or to indulge in private business in spite of communist shutdown of private enterprise since 1954. By 1992, most of the victims had already gotten back at least part of their property as a result of Hanoi's quiet efforts to rectify its errors.

Communist Party of Vietnam

---

Shifting sands

Article Abstract:

Vietnam has lured foreign banks into opening domestic branches in 1992 only to revise laws that decreased capital repatriation rate and cancelled tax holidays promised for foreign investments. The foreign banks were licensed by the Vietnamese government after a long period of prohibition starting in 1975 when the newly victorious North Vietnamese drove the US from the land. Despite the strict rules, foreign banks have opted to stay.

Commercial Banks, Banking industry, Laws, regulations and rules

Similar abstracts:

• Abstracts: Yes, there's life! Exchanging places. Please dare to fail
• Abstracts: Earning credit: Peking makes concessions to enhance US ties. Noh show in Peking
• Abstracts: Slaves to the law. Doing the dirty work: Asia's brothels thrive on migrant labour. Toilers of the East: newly rich Asian countries act as magnet for region's workers
• Abstracts: Treacherous shoals. Vietnam opening. Reluctant spectators
• Abstracts: Taiwan's unnerving president does it again. Taiwan's high-stakes game. Party currents: Taiwan

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.