Credit Risk and Credit Access in Asia
The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also includes overview papers that examine the problem in a wider context. These papers suggest that risk management practices, legal systems, liquidation and recovery, and institutional infrastructure and capacity all require additional attention.
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Trends and Developments in Insolvency Systems and Risk Management: The Experience of Vietnam
Vietnam’s development continued to show a positive trend in 2003 and in the first ten months of 2004. Its GDP growth remains the second highest in South-East Asia after China. Commercial bank credits have also grown in recent years. However, problems with non-performing loans (NPLs) and distressed assets (NPAs)--largely related to state-owned enterprises (SOEs)--remain unresolved.
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