Hanoi

Dollar up on Vietnam black market

Dollar up on Vietnam black market  Hanoi - Experts offered different explanations Tuesday for a widening gap between the official and black-market exchange rates of the Vietnamese dong. The dong dropped to 18,070 to the dollar on the black market Tuesday, while the official benchmark rate stayed at
16,936 to the dollar. The government allows banks to vary their rates up to 5 per cent from the official benchmark, so commercial banks were selling dollars for 17,783 dong.

Vietnam stock market soars on rising confidence

Vietnam stock market soars on rising confidence Hanoi - Vietnam's stock market soared Monday, with some investors expecting it will soon regain the 400-point level. The VN-Index ended the day up 4.6 per cent, or 14.96 points, to close at 340, the largest one-day gain since October 14, 2008.

Market volume was low at 24.3 million shares, valued at 599 billion dong (39 million dollars).

The Vietnamese market is up 21 per cent this month, after gaining 15 per cent in March.

Thai protests may slow reforms in Vietnam

Thai protests may slow reforms in VietnamHanoi - The protests that forced the cancellation of the ASEAN summit in Thailand last weekend will likely lead Vietnam to move slower on political liberalization, experts said Monday. "Thailand used to be one of the democratic models for Vietnam, but these incidents in Thailand certainly will make Vietnamese leaders more cautious about democracy," said Professor Trinh Duy Luan, director of Vietnam's Institute for Social Studies.

Vietnam scientists clash with government over bauxite project

Vietnam scientists clash with government over bauxite projectHanoi - Vietnamese scientists and actvists have called on the government to cancel a massive bauxite mining plan in the country's Central Highlands for environmental reasons, scientists confirmed Friday. The scientists said the calls came at a seminar organized by Vietnam's Ministry of Industry and Trade, its Federation of Technical and Science Associations, and the state-owned Vietnam National Coal and Mineral Industries Group (Vinacomin).

Unlicensed marriage broker arrested in Vietnam

Unlicensed marriage broker arrested in VietnamHanoi  - Police in Ho Chi Minh City arrested a man for running an illegal marriage brokerage that matched Vietnamese women and South Korean men, a policeman said Thursday.

Ly Toan Chan, 30, was arrested Wednesday as he was parading 23 women in front of a South Korean man and his sister, said Luu Cong Tai, the head officer on the case.

Tai said the South Korean man's passport was being held to prevent him from leaving the country and that police were recommending the local government fine him 15 million dong (847 dollars).

Ho Chi Minh City man forges circular from prime minister

Ho Chi Minh City man forges circular from prime minister Hanoi - A Ho Chi Minh City man created a fake circular from Vietnamese Prime Minister Nguyen Tan Dung to win a property dispute, a police official said Wednesday.

But Vietnam's Supreme Procuracy stopped police from prosecuting the man, said Tran Dinh Phe, head of the Advisory Section of Ho Chi Minh City's Social Order Crime Investigation Department.

Phe said he did not know why the office prevented police from arresting businessman Vu Dinh Hong, who allegedly drew up the fake document.

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