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Vietnam must tackle SOE debt mountain – opinion
July 16, 2012
Vietnam needs to take firm and decisive action to clean up its SOEs or risk hurting economic growth and seeing the banking system lumbered with US$20 billion of bad debt.
The high level of debt at Vietnam’s state-owned enterprises (SOEs) has the potential to derail the government’s attempts to get the economy back on track.
The Ministry of Finance (MoF) recently published a report showing the indebtedness of...
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