Maweni, JoelBisbey, Jyoti2016-04-112016-04-112016-02-01https://hdl.handle.net/10986/24035This report sets forth details of a financial recovery plan designed to help Vietnam Electricity (EVN), and the Vietnamese power sector more generally, to address a series of complex and interconnected challenges over the next 3 to 10 years. These challenges are operational and institutional as well as financial, and will lead to fundamental changes over time in the way that EVN and the overall power sector operate.en-USCC BY 3.0 IGOHOLDINGEQUIPMENTFOREIGN DEBTACCOUNTINGMARKET MECHANISMSINTERESTS OF INVESTORSDEFAULTSVALUATIONDEBTORSINTERESTRATE OF RETURNCREDIT AGENCIESREMITTANCELONG-TERM CAPITALOPTIONDEBT MANAGEMENTDEVELOPING COUNTRIESREPAYMENTSTOTAL DEBTCAPITAL STRUCTURESREVENUESCAPITAL STRUCTUREPORTFOLIOFOREIGN EXCHANGE RISKCAPITAL ADEQUACYDEVALUATIONLOANASSET BASECREDITWORTHINESSFOREIGN EXCHANGE MARKETSINFORMATION SYSTEMSREGULATORY AUTHORITYDEBT BURDENINSTRUMENTSINSURANCE COMPANYEQUITY CAPITALLIENSOVEREIGN GUARANTEESOIL PRICESINDEBTEDNESSMARKET REFORMSSTANDARD CONTRACTCURRENCYGOVERNMENT POLICYFOREIGN CURRENCY DEBTCOMMERCIAL BANKSTRATEGIC INVESTORSLOCAL INVESTORSDEBTSFINANCESFOREIGN CURRENCIESBOND ISSUANCEINVESTMENT FUNDSFINANCIAL INSTITUTIONSDEBTCAPITAL MARKETMARKETSFOREIGN EXCHANGE RISKSBOND ISSUEINFLATION RATESETTLEMENTPUBLIC OFFERINGLOCAL STOCK MARKETDEBT SERVICECAPITAL INVESTMENTSINVESTMENT STRATEGYDUE DILIGENCELOAN TERMSTRANSACTIONSLAND TITLESMARKET ECONOMYIPOINTERNATIONAL STANDARDSACCOUNT RECEIVABLESCURRENCY RISKSINTEREST PAYMENTSGOODDEBT-SERVICEPUBLIC OFFERINGSMARKET CONDITIONSFUTURELOCAL DEBTMARKET PRICESGOVERNMENT GUARANTEECOMMERCIAL TERMSEXCHANGESSTRATEGIC INVESTORINVESTMENT PROJECTSLOAN GUARANTEESPRICE CHANGESFINANCIAL PERFORMANCEISSUANCECURRENCY DEVALUATIONLOCAL MARKETSSHARESSPOT MARKETLOCAL CURRENCYEXPORTERTREASURYCREDIT RISKSHAREHOLDERSHOLDINGSINSURANCECURRENCIESLOAN AGREEMENTSRATES OF RETURNCOMMERCIAL BANKSCORPORATE BONDDEBT RESTRUCTURINGINVESTMENT REQUIREMENTSCURRENCY RISKPRIVATE INVESTORSPORTFOLIO INVESTMENTCONSUMER PRICE INDEXLENDINGMARKET REFORMSHAREHOLDERMATURITIESCAPITAL INVESTMENTLIABILITIESINTERNATIONAL BANKSSTOCK EXCHANGESINTERNATIONAL MARKETSDEVELOPMENT BANKINITIAL PUBLIC OFFERINGINVESTINGTARIFFSCAPITAL MARKETSREGULATORY FRAMEWORKLIABILITYNPLVARIABLE COSTSFINANCIAL MANAGEMENTSTOCKFOREIGN INVESTORSGUARANTEESINTEREST RATEEXCHANGESTOCK MARKETLIQUIDITYDEBTORMORTGAGEEXTERNAL INVESTORSINSURANCE POLICIESBONDSINTERNATIONAL INTERESTTAXASSET MANAGEMENTRESERVE FUNDCASH TRANSFERRESERVEGOVERNMENT GUARANTEESINFLATIONINTERNATIONAL BANKSTATE BANKLOCAL BOND MARKETDEBT CAPITALLENDERSTATE BANKSCENTRAL BANKINFORMATION DISCLOSUREMATURITYFINANCIAL SUSTAINABILITYILLIQUIDITYINITIAL PUBLIC OFFERINGSLOCAL BANKSPRICE VOLATILITYCONTRACTSTRADINGOPTIONSCASH PAYMENTCORPORATE BOND ISSUEINVESTMENT REQUIREMENTREGULATORY STRUCTUREPRIVATE INVESTMENTRETURNLENDERSFOREIGN LENDERACCOUNTS RECEIVABLECOMPETITIVE MARKETDIRECT INVESTMENTLOANSRESERVESPRIVATE CAPITALGROSS DOMESTIC PRODUCTCASH TRANSFERSRETURN ON ASSETSFINANCEFOREIGN CURRENCYTAXESEXPENDITUREPOTENTIAL INVESTORSEQUITYTRANSACTIONINVESTORSVALUE OF ASSETSINVESTOR INTERESTASSET RATIOSLOCAL MARKETBUDGETSPRICE RISKBOND MARKETCONTRACTREPAYMENTEXPENDITURESAMORTIZATIONBIDSFOREIGN BANKSBALANCE SHEETDEFAULTMARKETFOREIGN EXCHANGERISK FACTORSDEBT-EQUITYINTERESTSCURRENCY DEPRECIATIONGOODSINVESTORSECURITYSTOCK EXCHANGEINVESTMENTBONDHUMAN RESOURCESSHARECOLLATERALPOVERTYFINANCIAL INFORMATIONTARIFFOUTSTANDING DEBTSDEBT REPAYMENTSREVENUEINVESTMENTSRISK MANAGEMENTDEBT REPAYMENTCHECKLEVEL OF DEBTDEVALUATIONSEXCHANGE RATEINSTRUMENTLOCAL STOCK EXCHANGEASSETS RATIOCOMPETITIVE BIDDINGDIRECT INVESTMENTSDEBT SERVICE PAYMENTHEDGEINTERNATIONAL INVESTORSJOINT STOCK COMPANYGUARANTEESWAPCORPORATE GOVERNANCEReportWorld Bank10.1596/24035