Word: nguyens
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...Diego Alvarado 6-3, 6-4. Kumar’s tenacious tennis had Alvarado on his heels from the first serve of the match. Kumar was shuffled back two spots in the lineup after his recent struggles, while senior co-captain Scott Denenberg (No. 2) and junior Dan Nguyen (No. 3) each moved up one spot...
...knows how big this gray market is. Nguyen Duy Hung, CEO of Saigon Securities Inc., the country's largest brokerage, estimates that at least 500,000 Vietnamese are participating (five times the number of accounts on the two official bourses), aided by more than a dozen private websites and online forums with names like mua re (street trading) and Sanotc.com. The latter, founded in July in Hanoi, has 18,000 registered users and is currently adding 300 more each day, says co-founder Hoang Minh Son. "Before the websites, people had to go to the official market," says...
...jumped 144% and has risen another 44% this year. But the legitimate market is small and illiquid-the Ho Chi Minh Securities Exchange has just 109 listed companies, up from 30 at the beginning of 2006-and there are not enough shares to feed the growing mania for stocks. Nguyen Vinh, a 36-year-old accountant, says it was her inability to buy shares of listed companies that prompted her to turn to the gray market. After her sister told her that a friend had met someone in a wedding buffet line willing to sell shares in PTSC, an unlisted...
...communist country in the midst of a capitalist makeover, personal wealth remains a touchy subject. After online news site VNExpress recently produced the country's first-ever ranking of the 100 Richest People in Vietnam, several moguls complained. "I wish they would have asked us before publishing," groused Nguyen Duy Hung, CEO of a Ho Chi Minh City brokerage firm who was ranked the country's sixth-richest person with stock worth $58 million. A prominent law professor speculated that miffed tycoons might be able to sue for invasion of privacy. Even ordinary citizens were affronted. "A person's assets...
...Although Nguyen moved quickly through his first two matches, he saw the end of his eight-match winning streak in the quarterfinals, losing...