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Vietnam must tackle SOE debt mountain – opinion
July 16, 2012
From Lorraine Cushnie
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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