~ Le Viêt Nam, aujourd'hui. ~
The Vietnam News

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Bush visits former Saigon, Vietnam's capital of commerce

HO CHI MINH CITY - US President George W. Bush wrapped up his Vietnam visit in the former Saigon, the site of US defeat three decades ago and now engine room of one of Asia's fastest growing economies. After meeting world leaders at a weekend summit in Hanoi, Bush dropped into Ho Chi Minh City's stock exchange where he struck the opening gong, talked to business leaders and medical researchers and visited a history museum in the bustling port city.

Thousands of curious onlookers greeted Bush, a warmer reception than he won in the northern capital but a far cry from the rousing welcome his predecessor Bill Clinton received in 2000 as the first post-war US president here. "I must tell you I am, first of all, unbelievably grateful for the welcome that Laura and I have been received with here in Ho Chi Minh City -- I've never seen as many people line the streets with such a friendly attitude," Bush said. The US president waved from behind the tinted glass of his armored limousine as his motorcade sped down leafy boulevards festooned with gold-and-red national flags.

His first stop of a lightning half-day tour under tight security was at the city's five-year-old bourse, which has just over 50 listed companies but is a symbol of Vietnam's economic resurgence led by the vibrant southern metropolis. "I don't care about politics but I hope Bush's visit will help bring faster growth to the city," said one onlooker in the former capital of what was the US-backed South Vietnamese regime, 56-year-old hotel manager Le Thanh Trung.

Bush and First Lady

Laura Bush then visited a medical institute leading Vietnam's much-lauded battle to contain bird flu and its efforts to limit the spread of HIV/ AIDS. "Laura and I have come by to thank the Doctor and her staff for their compassionate work, and to assure the Vietnamese people that we will still help them fight HIV/AIDS," the president said.

The last stop was a museum that chronicles 2,000 years of Vietnamese history -- not just the conflict that ended in 1975 and remains painfully etched into the memories of both countries. "Bush coming here is a good sign," said Do Duy Anh, a 56-year-old retired soldier who fought with the southern regime. "I am happy to see that after 30 years, the US has not forgotten Saigon. They have many memories here." Bush's four-day state visit has focused on the future, not the past -- his weekend visit to a US military centre in Hanoi coordinating the search for missing American servicemen was among the most low-key of his trip.

Instead Bush has stressed the potential Washington sees in Southeast Asia's second most populous country, on the brink of fully normalizing trade ties with the United States and joining the World Trade Organization. "The president has expressed regret that he can't be a tourist right now, because he'd love to spend more time seeing it," said a White House spokesman. "It's not only growing very rapidly, but there's this sense of vitality... He's fascinated by the place."

The Asia-Pacific Economic Cooperation ( APEC) summit brought together 20 regional leaders and boosted the profile of the country that has emerged from post-war devastation to reach the cusp of becoming another Asian tiger. Vietnam's Chamber of Commerce and Industry said local and foreign companies signed contracts worth over two billion dollars during the week-long APEC meet.

Travelling with Bush's delegation were hundreds of US corporate executives eager to tap into the market of 84 million people, which expects economic growth of more than eight percent this year and has been touted as a "China light." Investors hope WTO membership will level the playing field for corporate outsiders in one of the world's five remaining communist-ruled countries that is still bogged down by red tape and infrastructure bottlenecks.

Vietnam has found it hard to break some other old habits, say dissidents. Pro-democracy activists were put under house arrest and tight surveillance weeks before the APEC summit, said dissident groups, and prominent activist Pham Hong Son said last week he was beaten by police.

By Olivier Knox - Agence France Presse - November 20, 2006.


Bush opens stock exchange in Vietnam

HO CHI MINH CITY - President Bush paid tribute to new symbols of capitalism in this struggling communist country Monday and offered encouragement for Vietnam's battle against bird flu and other public health challenges. The president quickly toured this city, once known as Saigon, before flying to Indonesia, the world's most populous Muslim country, where thousands angrily protested America's policy in the Middle East and wars in Iraq and Afghanistan.

The White House said it was confident about security precautions for Bush's visit despite police warnings of an increased threat of attack by al-Qaida-linked groups. The president was to spend just six hours in Indonesia, most of it at Bogor Palace, a presidential retreat outside the capital of Jakarta and far from the scene of protests where Bush was denounced as a "war criminal' and "terrorist." While President Susilo Bambang Yudhoyono is a close U.S. ally in the war on terror, Bush is highly unpopular in Indonesia where security forces were probing unconfirmed reports that a suicide bomber was planning to attack during Bush's visit on Monday. Bogor Police Chief Col. Sukrawardi Dahlan said authorities were investigating a report that a man wearing a suicide vest would infiltrate the protests. Initially, the White House thought Bush would have to fly to Indonesia on a backup Air Force One. There was a problem with a tire upon landing in Ho Chi Minh City, said White House spokesman Tony Fratto. But a replacement tire was found, and the president is scheduled to fly his regular Boeing 747 to Indonesia.

In Ho Chi Minh City, Bush visited the Vietnam stock exchange, where trading began in 2000 and expanded to Hanoi last year. The exchange initially listed two companies and two bonds. Now, there is trading in 56 stocks and funds on the combined exchanges with total capitalization of $3.5 billion. The president, wielding a red-handled mallet, struck a gong to open the day's trading. Bush hit it three times, shook hands with traders on the floor and met with a group of American and Vietnamese business leaders.

"I am very interested in hearing what the opportunities are like and the obstacles you face," the president told them. "Perhaps the United States can help foster the market economy that is growing here." "When I read about the recent economic history of Vietnam," he said, "I am amazed at the size of the growth and the fact that people are beginning to realize dreams." Last year, Vietnam's economy grew by a robust 8.4 percent. Bush also visited the Pasteur Institute, a yellow stucco facility that conducts research in preventive medicine and works to control the spread of infectious diseases.

Bush congratulated health officials on Vietnam's effort to combat bird flu, which earlier killed 42 people in Vietnam, but has not claimed any victims during the past 12 months. Last year, Vietnam inoculated 124 million poultry, and in a first round of vaccinations, inoculated 110 million birds this year. "Vietnam is serving as a model of how people ought to react," Bush said.

The president's last stop in Vietnam was a tour of the Ho Chi Minh City history museum where he and the first lady were treated to a drum and dance. Dressed in bright red and gold costumes, the young performers pounded kettle drums and waved bright flags as they stepped, turned and ran about a stage outside the building. Bush bounced his head and tapped his foot in time with the music. Bush's trip to Asia was his first appearance on the world stage since his Republican Party lost control of Congress and was rebuked for the unpopular war in Iraq. To Bush's dismay, he was unable to deliver a promised agreement on normal trade relations with Vietnam. It was snarled in Congress but the administration expressed confidence it eventually would be approved.

Vietnam's economy is booming, the fastest growing in Asia, and the country is the world's second-largest exporter of rice. But the benefits have not reached most people. The per capita income is less than $700 a year. In a city usually teeming with motorcycle traffic, streets were cleared for Bush's motorcade. As he rode by, people waved, laughed and cheered. It was a contrast to the subdued reaction of residents in Hanoi, where Bush participated in the summit and conferred with the leaders of China, Russia, South Korea and Japan.

Bush was in Hanoi to attend the 21-nation Asia-Pacific Economic Cooperation summit. The White House supported the summit's closing statement prodding North Korea to return to nuclear disarmament talks and urging nations to keep the pressure on by enforcing U.N. Security Council sanctions.

But the administration was at a loss to explain why the statement was simply read as part of the chairman's wrap-up statement, and not issued as a written document. Another oddity was that the section about North Korea was not translated into English when the statement was read. U.S. officials later said that the reason the North Korea statement was delivered orally, rather than written, was because China did not want to sign a document with Taiwan. Beijing regards Taiwan as a breakaway colony and did not want to put it on equal footing, the U.S. officials said.

At the summit, Bush met separately with Russian President Vladimir Putin and Chinese President Hu Jintao to discuss strategy for yet-to-be-scheduled talks with North Korea. The administration sent U.S. envoy Christopher Hill to Beijing for further consultations. In their public remarks, Bush and Putin celebrated a U.S.-Russia agreement for Moscow's entry into the World Trade Organization. Bush said Russia's admission to the group was "good for the United States and good for Russia."

With Putin and Hu, Bush also pressed for a U.N. Security Council resolution to pressure Iran to abandon nuclear weapons. It was unclear whether Bush made any headway in persuading China and Russia to drop their reluctance to go along.

By Terence Hunt - The Associated Press - November 20, 2006.