Friday, September 26, 2008


So it has been about two years plus since the equity market runup here in Vietnam (and twelve months since the tumble).

Recently I headed to my brokerage to see the state of the portfolio, and I come to discover that while this place is owned by a major local bank, it does not have a system in place whereby you can check, in Saigon, the balance of an account that was opened in Hanoi.

So they had to print it out up north and fax it down. Crazy, considering how well capitalized this company continues to be.

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