Vinashin Exposure May Hurt Banks
According to a report from Bloomberg, 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% of some local banks’ loan portfolios, Moody’s Investors Service said on Nov. 29.
(Source: Bloomberg)