§ Mr. MullinTo ask the Secretary of State for Trade and Industry why export credit guarantee cover has not generally been available for contracts with Vietnam since 1982.
§ Mr. Ridley[holding answer 22 January 1990]ECGD's assessment of individual markets is based upon economic considerations. It is not departmental policy to publish the full details of these assessments, but in the case of Vietnam, I can say that cover for medium and long-term business was withdrawn following defaults on repayment. Vietnam is currently in breach of its financial obligations to the International Monetary Fund and its major creditor countries.