Payment coming?

Article Abstract:

Vietnam has not completed its Brady deal sixteen months after agreeing it with creditors the London Club. The London Club includes the ANZ Banking Group and the Bank of Tokyo-Mitsubishi. Brady bonds will allow Vietnam to write off half of its $650 million debt, and completion of the deal would allow the country to regain international creditworthiness. Vietnam's reasons for delay may include the need to find over half of the $75 million needed to complete the deal, and there are problems establishing who is legally entitled to sign the deal.

Foreign Loans-Banks, External debts, Foreign loans, Bank loans

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Reversion to type

Article Abstract:

The Vietnamese authorities appear to be restricting the supply of dong on the international market as part of their monetary policy. Analysts believe that Vietnam is hoping this will force the foreign banks to obtain dong from the Vietnamese banks in exchange for dollars. The protectionist policy appears to be beginning to work, but the move is creating bad feeling amongst Western bankers and it may result in a loss of confidence in the Vietnamese economy, which is the opposite of the intended effect.

Intnl Economic Policy, Currency Stabilization Programs, Management, International trade, International aspects, International economic relations, Currency stabilization, Foreign exchange market, Dong (Vietnam)

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You're OK, I'm OK

Article Abstract:

The Vietnamese government is keen to attract foreign investment, and has shown willingness to listen to the views of foreign investors. However, its revised foreign investment regulations may prove to have come too late to really make a different to foreign investment levels. Companies already investing in Vietnam have encountered difficulties with bureaucracy and corruption, and are also now beginning to be affected by the repercussions of Asia's economic problems.

Foreign Investment Regulations, Foreign investments, Foreign investment laws

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