Topten Events in VN 1998
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Dong devaluated 17% from VND11900/US$ to VND13900/US$, compared to Oct.
1996 the dong has been devaluated more than 26%.
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Foreign Investment fell 40% vs. 1997. The fall started in the middle of
1996, one year before the regional crisis.
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Hanoi hosted the sixth ASEAN summit in Dec.
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Football Tiger Cup was well organized in Hanoi in Sep. Vietnam got the
silver.
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Severe calamities including droughts, floods, typhoons hit the central
areas.
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Drug addition continues to rise despite the increasing number of death
sentences for traffickers (e.g. Vu Xuan Truong and gang).
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Series of big companies (EPCO, Minh Phung, Tan Truong Sanh) went bankrupt
revealing rings of smuggling and commercial frauds.
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Binh Dien Bridge in Ho Chi Minh City collapsed indicating lack of budget
and poor care for all infrastructure system.
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Amnesty of more than 7000 prisoners including two dissidents.
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Rice export reached 3.8 million tons with good price for farmers.
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