Vinashin's long shadow across Vietnam

Vietnam's debt-repayment credibility is called into question thanks to Vinashin's troubles, which may include not being able to repay a loan instalment due this week.

Vietnam's credibility is literally at sea, thanks to state-run Vietnam Shipbuilding Industry Group, better known as Vinashin, which has been lurching from high-profile drama to drama, like a bad soap opera. First, former Vinashin president and chairman Pham Thanh Binh was arrested in July. And, by September, six Vinashin officials had been detained.

¬ Haymarket Media Limited. All rights reserved.

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