Vinashin Exposure May Hurt Banks, World Bank Says
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Vietnam Shipbuilding Industry Group’s near-bankruptcy may lead to an increase in the non-performing loan ratios at some Vietnamese banks, the World Bank said.
State-owned Vietnam Shipbuilding, known as Vinashin, may account for as much as 3 percent of some local banks’ loan portfolios, Moody’s Investors Service said on Nov. 29. The Hanoi-based company may default on foreign-currency debt over the next 30 days, Standard & Poor’s said yesterday.