Reassessing The Impact Of Vinashin's Default

August 2011
Asia Monitor: South East Asia Monitor Volume 1;Aug2011, Vol. 22 Issue 8, p1
Country Report
The article discusses the impact of Vinashin Shipbuilding Industry Group's default on the banks in Vietnam. Moody's Investors Service Inc.'s report says that Vinashin's debt owes approximately 3.0 % in commercial bank's individual loan portfolios. It states that banks having strong balance sheets and risk management are expected to give optimal risk-to-reward for their investors. It adds that excessive leverage of Vietnam Commercial Bank for Industry and Trade (CTG) may weaken banks' stability.


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