Credit Risk and Credit Access in Asia

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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.



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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