DOCSLIB.ORG

040717Intellasia Finance Vietn

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
040717Intellasia Finance Vietn finance & business news 4 July 2017 FINANCE . .1 JLL: Vietnam remains a bright spot for hotel investors and Reference exchange rate up 9 VND 1 operators 26 Banks eagerly seek to purchase retail segment 2 Deputy PM encourages autos carrying Vietnamese brand name 27 Foreign capital keeps flowing into bonds 3 Rentals at IPs in south heading upwards 28 Cashing in: Vietnamese bank buys out Australian partner in Saigon 4 Human resources training needs improvement 29 Sacombank targets $44.5 million profit 4 VN to cooperate with Saudi Arabia in renewable energy projects 30 Macro economy remains stable in six months 5 Hue to invest $52 million in agricultural restructuring 31 Government regular meeting discusses socio-economic Investors to pour $1.77b into Kien Giang 31 situation in H1 5 Vietnamese firms 'indifferent' to technology transfer from Korea 32 There are wide doors for further economic growth, says PM 7 Dak Lak becomes more attractive to investors 33 Gauging room for further growth: starting from state-owned BIZ NEWS . 33 enterprises 8 Business Briefs July 04, 2017 33 Keeping inflation below 4pct is achievable: deputy PM 9 Markets advance further on banks, brokerages 34 New policies take effect from July 10 Positive Q2 reports to drive up VN stocks 34 Find ways to step up EU exports, VN firms urged 11 Brokerages: Market unpredictable this week 35 Vietnam's exports forecast to hit 195 billion USD in 2017 12 Efforts needed to upgrade stock market 36 Export value of forest products expected to exceed 7.5 billion Vietnamese giants race to loosen foreign ownership 36 USD 12 Masan Consumer to issue 5 million ESOP shares 38 Ben Tre aims to fetch 400 million USD from exports 13 Tracodi adds new line of business, expands board of directors 38 Seafood processing fuels export in Tien Giang 13 HAGL expects 1.6 per cent revenue drop in 2017 39 Quang Ninh's export earnings increase by 6.7pct in first half 13 Vinamilk tops most valuable firms list 39 Vietnam spends heavily on fertiliser, pesticide imports 11,400 market frauds discovered 40 from China 14 Vietnam borrows $100 million from Korea to build 22 bridges 41 China remains Vietnam's top rice importer 14 Foreigners allowed to apply for visas online 41 Mekong Delta region enjoys 3.5 billion USD trade surplus Industrial land rent continues to 'escalate' 42 in six months 14 Prime minister gets report on faulty fishing boats 42 Vietnam, Russia look to $10 billion bilateral trade 15 Over 6 trillion VND to upgrade airport infrastructure 43 US to partially terminate anti-subsidy investigations in Chinese firm builds waste treatment plant in Can Tho 43 Vietnam's steel nails 16 EVN gets more price decision-making power 44 Australian ban on VN prawns ends this week 16 HTP, PVGasD clinch power plant deal 44 More than 32pct of businesses still have financial difficulties 17 Thanh Thanh Cong to develop 20 solar power projects 45 PM requests stronger administrative reform 18 $2.3 billion Nam Dinh power plant making headway 46 HCM City to expand veggie traceability programme 18 Firm allowed to conduct survey for $200mn solar power plant HCM City to make origin of poultry meat and egg traceable 19 construction in Vietnam 47 Quality key for modern trade 19 HCM City supports Siam Cement in making green building Agriculture sector urged focus on main targets 20 materials 47 International lenders vital to rise up SMEs 21 Vietnam Airlines opens new 24/7 customer service centre 48 Investors keen on renewable projects 23 Volkswagen Vietnam expands dealership network 48 Convenience store boom fuels concern over market saturation 23 B2S stationery store launched in Vietnam 48 Restaurant chains: fine line between winning and losing 24 High-quality product fair held in Quy Nhon 49 Foreign firms eye cosmetics market 25 FINANCE FINANCE Reference exchange 04/JUL/2017 INTELLASIA| VNA rate up 9 VND The State Bank of Vietnam (SBV) adjusted the daily reference VND/USD exchange rate on July 4 up 9 VND from the day ago to 22,440 VND. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,113 VND and the floor rate 21,768 VND per USD. The rates listed at commercial banks in the opening hour saw slight fluctuations. Vietcombank cut both rates by 5 VND to 22,695 VND (buying) and 22,765 VND (selling), per USD. Intellasia Tel: +844 2213 2244 No. 21, lane 173/63/17, Ngoc Ha Ward, Ba Dinh Dist, Hanoi Fax: +844 3759 2034 © All Rights Reserved Email: [email protected] Websites: www.Intellasia.Net www.TriTueAChau.com Vietnam finance & business 4 July 2017 BIDV listed its buying and selling rates at 22,700 VND and 22,770 VND per USD, un- changed from the day ago. The buying rate at Techcombank was adjusted down by 20 VND to 22,660 VND and the selling rate was reduced by 5 VND to 22,775 VND. http://en.vietnamplus.vn/reference-exchange-rate-up-9-vnd/114274.vnp Banks eagerly seek to 04/JUL/2017 INTELLASIA| BAO DAU TU purchase retail Vietnam International Commercial Joint Stock Bank (VIB) has just completed the ac- segment quisition of a foreign bank branch in HCM City. The identity of this branch is expected to be officially announced by the bank this afternoon. Earlier, there was information that VIB was one of five banks that wanted to acquire the retail segment of the Australia and New Zealand Banking Group Limited (ANZ). The bank's leaders refused to comment about this deal but affirmed that VIB still con- tinued its plan to purchase another bank's retail segment in 2017. Although the specific identity of the bank whose retail segment would be acquired was not disclosed, Han Ngoc Vu, CEO of VIB said the criteria for selecting the object to acquire were good asset quality and transparency. Thus, along with the appearance in large number of banks and foreign bank branches in Vietnam over the last period, some banks had to withdraw from the retail segment. Most recently, ANZ Vietnam successfully transferred the retail segment to Shinhan Vi- etnam. FINANCE However, in terms of trend, foreign bank branches are still very interested in Vietnam market. Reportedly, two foreign banks are looking to acquire the retail segment of an- other bank. Of which, the remaining banks are also aggressively implementing the strategy to promote retail segment. Currently, nine 100 percent foreign owned banks have been granted with licenses to operate in Vietnam, including Woori Bank, Public Bank Berhard, ANZ, Standard Chartered, Shinhan Bank, Hong Leong, CIMB and HSBC. Recently, United Overseas Bank has been approved to become a wholly foreign owned bank in Vietnam. That is not to mention, the country has more than 51 branches and 51 representative offices of foreign banks operating. With more than 93 million people, and sharply increasing consumption, Vietnam is considered as the potential land for the retail segment of banks. This is the reason why over time, banks have strategically planned to boost the retail segment. Among foreign banks, HSBC and Standard Chartered are the two banks that have the strongest expansion in Vietnam. Standard Charter's leaders said they planned to increase personnel for the retail seg- ment in the country. HSBC is also having deeper understanding about the domestic market and is gaining the strongest growth momentum especially in the retail segment. Currently, HSBC leads foreign banks in terms of profits. Meanwhile, having just completed the acquisition of ANZ's retail segment, Shinhan Bank does not hide its ambition to occupy the retail market share in Vietnam. Last year, this bank's profit reached more than one trillion dong, well ahead of many domestic banks. Along with Shinhan Bank, another South Korean bankera "rockie"i.e. Woori is also planning to carry out a series of retail products in Vietnam in 2017. In the group of domestic banks, retail is also considered as a core strategy that brings about revenue in the near future as the room to develop the wholesale segment is shrinking. Even, large banks that previously specialised in wholesale such as BIDV, VietinBank, Vietcombank, etc. are also shifting strongly to retail. Apart from VIB, many domestic banks are also finding banks having strength in retail to acquire. It can be seen that retail is currently the target of both domestic and foreign banks in the market but this is also a quite drastic "battle". An example from ANZ shows that this bank used to be very ambitious with the retail strategy in Vietnam due to expectation on increased people's income. However, the too intense competition of domestic banks such as Vietcombank, BIDV, VietinBank, VPBank, Techcombank, etc. caused ANZ's market share not to be as high as expected. Finally, it had to transfer the retail segment to Shinhan Bank (South Korea). Foreign capital keeps 04/JUL/2017 INTELLASIA| DTCK flowing into bonds Foreign capital is still flowing strongly into the government bond market despite fore- Intellasia 4 July 2017 2 / 49 Vietnam finance & business 4 July 2017 cast about the future interest rate raises of the US Federal Reserve (Fed), which causes the US dollar to increase, and Vietnam's lack of incentives for foreign capital in this market. As per the National Financial Supervisory Commission (NFSC), in May, foreign inves- tors net sold $15 million worth of Vietnamese government bonds but cumulatively, in January-May, they still net bought about 11 trillion dong bonds. In June, the net pur- chase trend of government bonds of foreign investors became clearer.
Load more

Recommended publications
  • Vietnamese Heritage Flag
    Page 1 From: "Johnston, Sadhu" <[email protected]> To: "Direct to Mayor and Council - DL" <[email protected]> Date: 4/27/2016 2:52:29 PM Subject: Vietnamese Heritage Flag Dear Mayor and Council, The Protocol office has been working with members of the Vietnamese Heritage Association, regarding their request to raise the flag of South Vietnam (also sometimes referred to as the Heritage and Freedom flag of Vietnam) on City flag poles. The request to raise the flags was declined, and below are some key messages outlining the position we have taken. You can use the messages below when responding to any inquiries or refer people to speak to Paul Hendren in the Protocol office 604.873.7648. · It is the City’s long standing policy to fly the flags of other sovereign nations with which Canada has official diplomatic relations. · The request to fly the Vietnamese Heritage and Freedom Flag was declined, because it is not recognized by the Government of Canada as the flag of a sovereign nation with which it has official diplomatic relations. · The City can reconsider flying the Vietnamese Heritage and Freedom Flag when the Government of Canada officially recognizes it and raises it on Parliament Hill in Ottawa. · The City of Ottawa has the same flag policy as us, regarding raising the flags of other sovereign nations. When dealing with the same request their response was that as a municipality they have no authority to fly a national flag that is not recognized by the Government of Canada, and they will reconsider their position if the Government of Canada raises the flag on Parliament Hill.
    [Show full text]
  • Supporting Data Is Available for Public Review in the Diversity and Neighborhood Outreach Office, 20 E
    CITY OF MESA HUMAN RELATIONS ADVISORY BOARD (HRAB) December 4, 2013 MINUTES The Human Relations Advisory Board (HRAB) of the City of Mesa met on December 4th, 2013, at 6:00pm in the Upper Level, City Council Chambers, 57 E. First Street. MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT GUESTS Denise Heap, Chair Cheryl Anderson Andrea Arenas Terry Benelli Susan Lotz, Vice Chair Tony Filler Lam Q. Bui Frank Johnson Ruth Giese Van Bui Tony Liuzzo Justin Smothers Dzung C-Tran Cliff Moon Ray Villa Kevin Dang Talmage Pearce John Wesley Kathy Huynh Lu Ann Schmidt Son Huynh Mark Tompert Bill Laurie Mai Le Kevin Ngo Eileen Nguyen Nam Nguyen Sang Nguyen Tao Nguyen Yen Nguyen 1. Chair’s Call to Order. Ms. Heap called the meeting to order at 5:55pm. Introduction and announcement of new board members Cheryl Anderson and Tony Liuzzo. Ms. Heap advised of the new board members and welcomed Mr. Liuzzo to his first meeting. 2. Items from Citizens Present.* Ms. Benelli requested to speak to the board expressing support for the police advisory board meetings, especially the Red Mountain Community Advisory Board which has been inactive for the past two years. Ms. Benelli stated that the meetings were a great way for the public to communicate with the police department and address safety concerns. 3. Approval of minutes from the October 23rd, 2013 meeting. A motion was made by Ms. Schmidt to approve the October 23rd, 2013 minutes, Mr. Tompert seconded the motion. The motion carried unanimously. 4. Discuss and take action on Mesa Police Department Report.
    [Show full text]
  • Page Niu 0162M 12237.Pdf (2.965Mb)
    ABSTRACT SOMETHING CREEPY THIS WAY COMES: PAC ADVERTISING AND ITS ATTACK ON OBAMACARE A VISUAL NARRATIVE ANALYSIS Marguerite Teruggi Page, MA Department of Communication Northern Illinois University, 2015 Dr. Ferald J. Bryan, Director A visual rhetorical analysis utilizing Sonja Foss’s Narrative Criticism and examined through Walter Fisher’s Narrative Paradigm Theory was conducted in this thesis to examine the persuasive nature of narratives conveyed through visual representations. This thesis analyzes meaning construction through the visual elements in the political ad “Something Creepy This Way Comes”, an internet video produced by Generation Opportunity, a Koch-brother funded PAC. NORTHERN ILLINOIS UNIVERSITY DE KALB, ILLINOIS MAY 2015 SOMETHING CREEPY THIS WAY COMES: PAC ADVERTISING AND ITS ATTACK ON OBAMACARE A VISUAL NARRATIVE ANALYSIS BY MARGUERITE TERUGGI PAGE ©2015 Marguerite Teruggi Page A THESIS SUBMITTED TO THE GRADUATE SCHOOL IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE MASTER OF ARTS DEPARTMENT OF COMMUNICATION Thesis Director: Dr. Ferald J. Bryan DEDICATION To Zane and Bill TABLE OF CONTENTS Page LIST OF FIGURES ………………………………………………………………………… v Chapter 1. INTRODUCTION …………………………………………………………………. 1 Perspective …………………………………………………………...…………….. 2 Audience ………………………………………………………………………….... 3 Theory ………………………………………………………………………………. 3 Methodology and Text Selection ………………………………………………….... 4 Literature Review …………………………………………………………………... 5 Visual Rhetoric ……………………………………………………………………... 5 Narrative Criticism ………………………………………………………………….
    [Show full text]
  • University of California Santa Cruz the Vietnamese Đàn
    UNIVERSITY OF CALIFORNIA SANTA CRUZ THE VIETNAMESE ĐÀN BẦU: A CULTURAL HISTORY OF AN INSTRUMENT IN DIASPORA A dissertation submitted in partial satisfaction of the requirements for the degree of DOCTOR OF PHILOSOPHY in MUSIC by LISA BEEBE June 2017 The dissertation of Lisa Beebe is approved: _________________________________________________ Professor Tanya Merchant, Chair _________________________________________________ Professor Dard Neuman _________________________________________________ Jason Gibbs, PhD _____________________________________________________ Tyrus Miller Vice Provost and Dean of Graduate Studies Table of Contents List of Figures .............................................................................................................................................. v Chapter One. Introduction ..................................................................................................................... 1 Geography: Vietnam ............................................................................................................................. 6 Historical and Political Context .................................................................................................... 10 Literature Review .............................................................................................................................. 17 Vietnamese Scholarship .............................................................................................................. 17 English Language Literature on Vietnamese Music
    [Show full text]
  • The Insufficient Issues in Development of Vietnamese Ship Fleet
    INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 6, ISSUE 08, AUGUST 2017 ISSN 2277-8616 The Insufficient Issues In Development Of Vietnamese Ship Fleet Xuan Nam Chu, Xuan Phuong Nguyen, Van Huong Dong, Phuoc Quy Phong Nguyen Abstract: According to the Vietnam Maritime Administration, in 2015, the total volume of transport carried was about 118.7 million tons, an increase of 9.5% compared to 2014 - the biggest increase in recent years. However, the fleet of Vietnam has taken only 27.8% of total cargo through the port, more than 70% of the market share of foreign shipping. By the end of April 2017, the Seal of Memorandum of Understanding (PSC) of the Asia-Pacific Region (Tokyo-MOU), comprising 20 members: Australia, Canada, Chile, China, Fiji , Hong Kong (China), Indonesia, Japan, South Korea, Malaysia, Marshall Islands, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Thailand, Vanuatu and Vietnam presented the results of this organization in 2016. Accordingly, in 2016, members of Tokyo-MOU conducted 31,678 PSC inspections of 17,503 flag-nautical vessels of 101 countries to regional ports. In 31,678 PSC inspections, 18,943 defect detection ships affected safety, security, maritime labor conditions, environmental pollution prevention and 1,090 of flagged vessels from 69 countries. Kept due to serious defects; the average retention of the entire region was 3.44%, down from 3.67% in 2015 and 3.96% in 2014. Keywords: advantages, insufficient issues, ship fleet, maritime. ———————————————————— 1 INTRODUCTION The market share of import and export of Vietnam's fleet in The year of 2016 is a very difficult year for the business of recent years has remained at 10-12%.
    [Show full text]
  • Armchair Travel Destination - Vietnam
    Armchair Travel _ Destination - Vietnam _ Interesting Facts Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula. It has an area of 331,210 square km. Hanoi is the country’s capital and Ho Chi Minh City is its largest city. Vietnamese is the official language of Vietnam. Its official currency is Dong (VND). It is bordered by three countries – China, Laos, and Cambodia. These interesting facts about Vietnam, explore how fascinating the country has become over the years; with beautiful scenery, amazing cuisine, and an awesome kaleidoscope of cultures. Vietnam’s history and culture Legend has it that the peoples of this land originated from a union between an immortal Chinese princess and “The Dragon Lord of the Seas.” The country’s name was originally spelled as two words, Viet Nam. Their culture is a complex adaptation of Chinese, Japanese, French and American colonial influences. In 938 AD, the Vietnamese developed a trade system to exchange animal skins, ivory and tropical goods for Chinese scrolls on administration, philosophy and literature. The body of their first president Ho Chi Minh (Uncle Ho) was embalmed, and is on display in a mausoleum. Their flag consists of a golden star with five points to represent farmers, workers, intellectuals, youth, and soldiers. The red background pays tribute to the bloodshed during the wars. © Copyright [email protected] 2019. All Rights Reserved 1 Armchair Travel _ Destination - Vietnam _ The national flag of Vietnam. Traditional Vietnamese culture revolves around the core values of humanity, community, harmony, and family.
    [Show full text]
  • Hanoi Flag: the Flag of Vietnam Is Red with a Large Yellow Five-Pointed Star in the Center
    THINGS TO KNOW ABOUT VIETNAM Population: About 90 Million People Capital: Hanoi Flag: The flag of Vietnam is red with a large yellow five-pointed star in the center. Visa: Tourists can get Vietnam evisa or Vietnam visa on arrival at international airports in Hanoi, Ho Chi Minh City and Da Nang easily. Shop Hours: Shops run from 7 or 8am to 11 or 11:30pm. Some are open from 1 or 2pm to 4 or 5pm. Bank Hours: Most banks are opened from 7am or 8am to 11am or 11:30am Some are open from 1pm or 2pm to 4pm or 5pm. Holidays January 1 Solar New Year's Day January/February Tet (Tet Nguyen Dan). The most important Vietnamese annual festival. This marks the new lunar year and the advent of spring. This is a three-day holiday, usually at the end of January or the beginning of February (according to the solar calendar). February 3 Anniversary of the Foundation of the Communist Party of Vietnam April 30 Liberation Day, the day on which Saigon (Ho Chi Minh City) fell to Hanoi in 1975. This holiday is commemorated nationwide. May 1 Labor Day May 19 Birthday of President Ho Chi Minh September 2 National Day of Vietnam Time: +7:00, Vietnam is 11 hours ahead of Eastern Standard Time and 14 hours ahead of Pacific Standard Time. Tipping: Tipping is not customary in Vietnam, but it is enormously appreciated. A 5- 10% tip for a meal is a very small amount of money, but to the average Vietnamese, it could easily equal a day's wages.
    [Show full text]
  • Song Doc Terminal Handbook
    Song Doc Marine Terminal Handbook TERMINAL INFORMATION, REGULATIONS AND CONDITIONS OF USE FOR SONG DOC MARINE TERMINAL CONTROLLED DOCUMENT Revision 0 – 30/09/08 Page 2 of 76 Song Doc Marine Terminal Handbook TABLE OF CONTENT Page Introduction.........................................................................................................................................4 Export Tanker Master’s Receipt of Song Doc Terminal Information, Regulations and ................. Conditions of Use Handbook ............................................................................................................5 SECTIONS 1. Definitions ..............................................................................................................................6 2. Conditions of Use of the Song Doc Marine Terminal ..................................................... 10 3. Description and Operational Limits of Song Doc Marine Terminal................................ 14 4. Vessel Vetting ..................................................................................................................... 21 5. Communication................................................................................................................... 22 6. Minimum Standards for Export Tankers at the Song Doc Marine Terminal................... 24 7 Arrival Procedures .............................................................................................................. 28 8. Mooring Operations...........................................................................................................
    [Show full text]
  • About Vietnam General Information Vietnam Borders with China in the North, Laos and Cambodia in the West, and the South China Sea in the East
    About Vietnam General information Vietnam borders with China in the north, Laos and Cambodia in the West, and the South China Sea in the east. Its lies in the center of South-East Asia. Vietnam's territory stretches from Lung Cu village (Ha Tuyen province) in the north to Rach Tau hamlet (Minh Hai province) in the south. It is an S-shaped peninsula, with thousands of off-shore islands and archipelagoes; the biggest of which are the Hoang Sa (Paracel) and Truong Sa (Spratly) Archipelagoes. Vietnam's mainland covers 331,689 square kilometers. According to archaeological discoveries made at Do Mountain, it is believed that life in Vietnam began as far back as 300,000 years ago. Officially, the history of Vietnam stretches back 4,000 years when it was founded by the Hung Kings. It was then named Van Lang. When speaking upon the history of Vietnam, it is important to note the large role played by the French in Vietnam. It began in 1858, when the French took over Danang in southern Vietnam. Over time, more and more territory was won over by the French. It wasn't until 1954, when the French surrendered to the Viet Minh, ending the French Indochina War, which the French colonial control in Vietnam ended. The immediate image in the minds of most people at the mention of Vietnam is that of the war fought against the United States some twenty years ago. Most people think of the country only in terms of the American conflict in Indochina. The war ended nearly twenty years ago, and today, despite lingering signs of past American involvement, the situation in Vietnam is markedly different.
    [Show full text]
  • Why Flags Don't Change
    LECTURE Dragons, Traditions, Emperors and Revolutions: An overview of flags and flag changes in Asia By Ralph Kelly At the Buenos Aires ICV, I presented a paper [1] that reviewed the changes in national flags in Latin America since independence, identifying patterns in the historical and current national flags with the aim of trying to understand why national flags change. Today, I will replicate that analysis for Asia. Firstly I need to define the area called “Asia”. “Asia” is as much a cultural concept as geographical area, so somewhat arbitrarily, I have chosen to restrict my vexillological analysis to include only the countries of Eastern and Southern Asia, excluding most Islamic countries of Central Asia as they have more historical and cultural affinity with the Middle East than with Eastern Asia.[2] In Latin America, independence from Spain or Portugal was a convenient starting point for my analysis. However in Asia, the colonial experience was far more diverse and in many ways had less impact on the nations in the region than in Latin America. The major Asian nations can date their foundations to the 12th and 14th Centuries and their cultures even earlier. For example, with a traditional date of Vietnamese independence of 939, the period of French colonialism from 1858 to 1954 can be regarded as merely an interruption to national sovereignty. The latter of 1859, 150 years ago, or the date of the first known flag for a country is a convenient, but arbitrary starting point for my analysis of Asian national flags. As with all non-European countries, information on early flags is far less available and reliable than desired.
    [Show full text]
  • Ernesto Che Guevara, Create Two, Three, Many Vietnams, 1967
    Ernesto Che Guevara, Create Two, Three, Many Vietnams, 1967 Fidel Castro’s government hosted the third meeting of the Organization of the Solidarity of the Peoples of Africa, Asia, and Latin America, also called the Tricontinental Conference, in January 1966. At the time, Ernesto ‘Che’ Guevara was in Africa. Upon returning to Cuba, after the conference had ended, he wrote the following text which he dedicated to the participants at the meeting. It was first published in 1967. Twenty-one years have already elapsed since the end of the last world conflagration; numerous publications, in every possible language, celebrate this event, symbolized by the defeat of Japan. There is a climate of apparent optimism in many areas of the different camps into which the world is divided. Twenty-one years without a world war, in these times of maximum confrontations, of violent clashes, and sudden changes, appears to be a very high figure. However, without analyzing the practical results of this peace (poverty, degradation, increasingly larger exploitation of enormous sectors of humanity) for which all of us have stated that we are willing to fight, we would do well to inquire if this peace is real. It is not the purpose of these notes to detail the different conflicts of a local character that have been occurring since the surrender of Japan, neither do we intend to recount the numerous and increasing instances of civilian strife which have taken place during these years of apparent peace. It will be enough just to name, as an example against undue optimism, the wars of Korea and Vietnam.
    [Show full text]
  • The War in Vietnam Have You Ever Heard the Expression a Rock and a Hard Place “Stuck Between a Rock and a Hard U.S
    © 2015 Universal Uclick 50 Years Ago from The Mini Page © 2015 Universal Uclick The War in Vietnam Have you ever heard the expression A rock and a hard place “stuck between a rock and a hard U.S. President John F. Kennedy place”? It means that there are no had a hard decision to make: He good choices available. didn’t want to support the communist In the late 1950s, leaders of the government of North Vietnam, but United States found themselves in this he also didn’t want to send American position when trying to decide what to troops to fight for the hated Diem. do about Vietnam, a country in Asia. Then, in November 1963, Diem Finally, in March 1965, the United was captured and killed by the South States entered into a war in that Vietnamese Army. Just weeks later, country. You may have a grandparent Kennedy was assassinated in Dallas. or other relative or friend who served in the Vietnam War. Johnson makes his move This week, The Mini Page explores After he became president, Lyndon World leaders met in Switzerland in 1954. Johnson had to decide what should be the causes of the war, how it was The Geneva Accords divided Vietnam into different from earlier conflicts, and North Vietnam and South Vietnam. done in Vietnam. American advisers were helping the South Vietnamese, how it affected Americans. A divided Vietnam Wary of communism but there were no U.S. troops there. North Vietnam was under the rule But in August 1964, the U.S. After World War II ended, leaders of Ho Chi Minh, a communist.
    [Show full text]