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April 3, 1995 | From Associated Press
More than 300 years ago, Portuguese mariners christened this wind-swept peninsula Cap St. Jacque. Over the centuries, it became the favorite seaside playground of rich Vietnamese, French colonialists and U.S. servicemen on leave from the long Indochina War. Now, once-sleepy Vung Tau is being transformed into an oil boom town, reflecting the rush of international energy companies into the uncharted but hotly contested South China Sea.
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BUSINESS
April 3, 1995 | From Associated Press
More than 300 years ago, Portuguese mariners christened this wind-swept peninsula Cap St. Jacque. Over the centuries, it became the favorite seaside playground of rich Vietnamese, French colonialists and U.S. servicemen on leave from the long Indochina War. Now, once-sleepy Vung Tau is being transformed into an oil boom town, reflecting the rush of international energy companies into the uncharted but hotly contested South China Sea.
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