Risk mitigation in project financing in Vietnam : from lenders' perspectives in the private sector | |
| Author | Duong Nhu Hung |
| Call Number | AIT RSPR no. SM-99-99 |
| Subject(s) | Industrial project management--Vietnam Risk management--Vietnam |
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration |
| Publisher | Asian Institute of Technology |
| Abstract | The applications of project financing are increasingly wide spreading, particularly in investments that require risk sharing. Risk mitigation is one of the most important elements in project financing, but is not well addressed in literature in Vietnam. This research attempts to help lenders to mitigate risks in project financing in Vietnam. By conducting interviews with bankers, project managers, government authorities and legal experts, we analyze various aspects of risk mitigation at three levels: country, institution and project levels. The analysis is focused on the applications and limitations of risk mitigating techniques particularly at the project level. An in-depth risk analysis is carried out in a real life project. Our research suggests lenders to examine every risk separately and use overlapped protections. The predictability of the cash flow and the track records of the sponsors are the most important criteria in project financing. Joining syndication with multilateral organizations such as IFC is a wise way to mitigate risk. Joint Venture between an experienced foreign company and an influential state owned company is the most recommended form of business in project financing in Vietnam. |
| Year | 1999 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Gupta, Jyoti P. |
| Examination Committee(s) | Do, Ba Khang;Venkatesh, Sundar |
| Scholarship Donor(s) | The Government of Switzerland; |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 1999 |