Word: indo-china
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Communism was on the move in Asia, massively and triumphantly. Ho Chi Minh moved into Hanoi as the non-Communist forces retreated sullenly before him, bickering in a fashion which suggested that, before long, Ho might also be moving into Saigon and all of Indo-China...
...them. Viet Minh propagandists set up scores of "centers of political education for the people." Past fluttering banks of gold-starred flags, wispy Ho Chi Minh returned triumphantly to the city from which he fled in 1946 to hide in the jungle and mastermind Communism's war for Indo-China...
...south, in the non-Communist half of Indo-China, the story was dismally different. In Saigon, Premier Ngo Dinh Diem struggled against heavy odds to keep his shaky government alive. Every petty chieftain and palace politician with a few friends and a few guns seemed to be demanding a share of power. Diem had few friends and no guns...
Flight was about the only choice left for the 880 French businesses with an in vestment of $240 million in Northern Indo-China, most of it in Hanoi. What the businessmen wanted after Geneva were solid guarantees of freedom and a sound financial basis for trade. What they got was the familiar Communist doubletalk of vague, high-sounding promises coupled with arbitrary action that showed Frenchmen-and all Western businessmen-the hopelessness of doing business under Red rule...
...what would happen in the next eight months. Shell Oil Co., which supplies 70% of the northern market, frankly hoped that business would return to normal after a while. Said a spokesman: "We will try to continue our operations in the north." But the two U.S. oil companies in Indo-China, Standard-Vacuum and Cal-tex, were not so hopeful. Stanvac closed down completely in Hanoi, was only doing a small business in Haiphong. Caltex took out everything movable. Said one veteran Caltex man: "Our experience in China, where we lost five huge refineries, taught us that there...