Vietnam

Vietnam needs action not words

The restructuring of Vinashin’s defaulted loan highlights failures in the state sector, yet FDI continues to flow.

Rupert Walker

March 11, 2013

Vinashin, a Vietnamese state-run shipbuilding firm that collapsed in 2010 owing billions to domestic and foreign creditors, may be on the road to rehabilitation after Credit Suisse recently brokered a government-supported loan restructuring that has a good chance of winning acceptance from creditors.

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