TITLE

Reassessing The Impact Of Vinashin's Default

PUB. DATE
August 2011
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Aug2011, Vol. 22 Issue 8, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
62640218

 

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