Domain Speculator shown up:
Around mid. of Dec.-2008, Hung Steel Corporation Khang accidentally discovered a problem that the company was surprised. That was when accessing the address of http://www.hungkhang.com immediately transferred into http://www.zamilsteel.com.vn.

Actually, the Hung Khang’s domain name was exclusively registered and protected over the country, should not be a 2^nd steel manufacturing company’s namesake with Hung Khang, http://www.hungkhang.com.vn. Domain name registration and IT department care for the website are thought it was safe. However, the incident has led the company broke out that it is not so simple.

Mr. Le Kim Giau - CEO of Hung Khang Steel Buildings said: “The company is 100% local capital,  just choosing Vietnamese domain name is for both safe and easy to identify as establishing the website. Recently, the company has  consecutively won big construction projects and recognized by  a lot of customers. Therefore, certainly there will be many potential customers find information about the company on the Internet. However, I’m worried when you visit the company website and it shows  another one which is then same business.

After spending some time to find out , Hung Khang found the domain name of http://www.hungkhang.com was for sale online at http://raobandomain.com at the price of  $ 3,000. There was someone quickly registering this domain name and then make a profit by selling it online. This game is not new speculation and this has been condemned.

Current domain names end with ". vn" by Vietnam, but domain names with extensions like ". com, . org" are often international domain names in the country are less interested in registering. Therefore, speculators were taking advantage of prior registration with the reservation cost only 8-10 US dollars/ year and selling at the hundred times expensive price, depending on brand name and reputation of the business.

The important thing is from where they sell the domain names with no content, now the speculators put a link to other businesses with the same area to put pressure on enterprises identical to the name brands they purchase the domain. This will cause many disadvantages for business.

The specific address, name and phone number for "author of the event", the network administrators have exchanged via email, chat ... to learn and leave a message that needs to stop acting dishonesty business to avoid the consequences for doing genuine business. Receive this information, speculators has paid domain name http://www.hungkhang.com on white pages and a few days after they automatic ally transfer of http://www.hungkhang.com.vn. However, those who understand the information said: Not so easy, this is the end to prepare for the next step "blackmail"...

Prevent from speculation?

The lawyer  Vuong Cong Duc, of the Lawyer Association of Binh Phuoc province, said: The legal basis of Vietnam does not have any regulations on issues related to the domain name. Com,. Org ... as well as the transition from links to other links.
In fact, due to confusion and lack of confidence that there are many companies losing money to acquire the domain name from speculators to keep their business name rather than start it over.

For Mr. Le Kim Giau, he had insisted: "No matter who owns our domain name  and want to sell at 1 vnd,  we cannot get it back due to that is an evil. Even though I’m sure that decision will lead our company’s operation to damage. We will be proactive in many ways to prevent it such as informing to customers, partners and so on. "

The lawyer Vuong Cong Duc also suggested:

While the law has no specific regulations on the sale of domain names on the Internet, the competent authorities should also be specified "to produce legal papers related to domain name registration" as a business license for example.

PhD. Dang Anh Tuan also said that most speculators have just registered the domain "captured" in a short time, though it’s not clear in legal terms, but if the Hung Khang Steel Buildings has sufficient evidences demonstrate his name legally, Hung Khang can directly request the Vietnam Internet Center (VNNIC) to intervene and solve this problem.

Source: CAND