The State Bank of Vietnam reported that as the end of March this year Vietnam's bad debts ratio amounted
US $9.6 billion U.S = 8.6% total outstanding credit.
Fitch Ratings
and other independent economic survey organizations estimate =
14% or 13.3 billion U.S. dollars.
This is over 150 percent of the total capital
of the entire Vietnamese banking sector of 230 trillion VND or over 11 trillion U.S. dollars.
Source: news.xinhuanet.com/english/indepth/2012-07/.../c_131728627.htm
Vietnam’s 100 largest
state enterprises
are indebted about US $50 billion, or more than one third of GDP. Source: Reuters
Investor sentiment
World economy is still in the dumps and looking for growth opportunities
57% of US companies wish to expand their business in SEA
75% note Vietnam as their #1 destination for expansion in SEA
57% of US companies wish to expand their business in SEA
75% note Vietnam as their #1 destination for expansion in SEA
Source: AMCHAM Singapore Survey -June / July - Base = 356
q As China begins to feel
the pressure of a slide in exports and inflation….
q As inflation
reduces and the banking system is straightened out, Vietnam will
receive more and new FDI
q 1st time since 2008 – there are more positives than negatives on
horizon
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