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“Vietnam’s Economic Outlook: Positive Trajectory Ahead, Yet Credit Quality Requires Vigilant Management”
The economic outlook for Vietnam is positive, according to both domestic and foreign experts, with a stable BB+ credit rating maintained. However, three significant challenges remain: dependence on the US and Chinese markets, a lagging logistics system, and a credit-to-GDP ratio that has climbed to 135%, nearly double the international average.
The Water Industry Giant, Sawaco, Rakes in Over $160,000 in Daily Profits
"Sawaco, the esteemed water supply company, announced impressive financial results for the first half of the year, boasting a net profit of 741 billion VND. This equates to a remarkable daily profit of over 4 billion VND. The company's success is further highlighted by the average employee salary, which has increased to 23 million VND per month, a significant rise from the previous year's figure of 20.8 million VND."
The Festive Season’s Grand Finale: TCM Anticipates Peak Orders
The Ho Chi Minh City Textile, Garment, Investment, and Trade Company (HOSE: TCM) anticipates a vibrant fourth quarter as it enters the peak festive and holiday season.
