One of the last frontier markets to emerge in Asia, we see Vietnam as a ten-year buy.
- Merrill Lynch strategy report, February 2006
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Laugh or Cry?
Should we laugh or cry when faced with something so patently absurd?
Nearly 40% of listed companies get AAA credit rating
It's a travesty, a disgrace, a cruel joke.
As if there is ANY company in Vietnam even approaching an AAA rating.
Heck Vietnamese government debt doesn't even qualify.
Times like this, I hear the voice of Frank Slade...
"If I were the man I was five years ago, I'd take a flamethrower to this place!"