Vietnam loan pipeline looks bleak despite Petro success

PetroVietnam Exploration Production Corp has proved that Vietnamese borrowers can attract good demand in the loan market. But amid shrinking borrowing plans and rising questions about the country’s economy, loans bankers complain that the deal means little. They say the problem is that the pipeline is empty, writes Matthew Thomas.

  • 26 Oct 2012
The volume of dollar loans closed by Vietnamese borrowers in the third quarter was almost 90% down on the same period last year, and more than 70% below the third quarter of 2010. But despite the apparent success of a loan from PetroVietnam — which is hoping to ...

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