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Asian Insolvency Systems: Closing the Implementation Gap

image of Asian Insolvency Systems: Closing the Implementation Gap

As Asian markets are now increasingly integrated in the world economy their domestic insolvency systems need to meet the expectations of international investors and lenders. Many Asian jurisdictions are responding by reforming  insolvency laws, introducing new procedures and strengthening institutions, but others are much less active. This conference proceedings includes papers showing how far various Asian countries have come in building effective and predictable insolvency systems and shows to what extent their systems provide confidence to investors and lenders.

English

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An update on non-performing loans resolution and banking reform in Viet Nam

Over the past few years, the Vietnamese economy has enjoyed impressive growth rates. The country issued its first sovereign bond in 2005 with a total face value of USD (United States dollars) 750 million (which was sold out in the US, having been over-subscribed by a factor of four times). The investment environment has been good with increasing interest in both direct and indirect foreign investment. This positive picture seems to have made people overly optimistic and insufficiently cautious about the risk of a potential downturn in the economy.

English

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