Vietnam's President Opens US Tour With Visit to NYSE

What’s the saying?…
“Marxism, the furthest (and bloodiest) distance between capitalism and capitalism.”

The first stop that Vietnam’s President Nguyen Minh Triet made on his historic trip to the US was to the New York Stock Exchange. The Vietnamese government is transforming their economy towards capitalism.
So, does this mean we win?

Vietnam’s President Nguyen Minh Triet, second from right, accompanied by members of his delegation and New York Stock Exchange Deputy Chairman Marshall Carter, right, wave to the gallery during Triet’s visit to the trading floor of the NYSE, Tuesday, June 19, 2007. (AP Photo/Richard Drew)

The President of Vietnam, Nguyen Minh Triet, opened his historic US visit with a tour of the New York Stock Exchange:

Vietnam’s President Nguyen Minh Triet kicked off his landmark visit to the United States Tuesday by visiting the world’s largest stock market in a bid to demonstrate his country’s economic reforms.

The reform minded president of the communist Southeast Asian state was at ease as he toured the New York Stock Exchange, smiling and waving his hand while posing for pictures with traders.

Triet, accompanied by cabinet ministers and a business delegation, also witnessed the signing of a cooperation agreement between the New York bourse and the Ho Chi Minh City Securities Trading Center on Tuesday.

“The financial and securities markets have an increasingly important role to play in the Vietnamese economy with the participation of a large number of both domestic and foreign investors,” said the 63-year-old leader, protege of ex-premier Vo Van Kiet, architect of Vietnam’s doi moi (renewal) market reforms.

He said Vietnam looked forward to support from the United States in developing its securities market as an important channel of fund raising for the national economy.

President Bush says he will express his “deep concern” to President Triet over Vietnam’s human rights violations. The White House released a statement on May 11, 2007, castigating the communist regime of Vietnam for its treatment of political dissidents.

Previously:
President of Vietnam Arrives In US On Historic State Visit

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