HC Deb 26 January 1990 vol 165 c904W
Mr. Mullin

To 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details of these assessments, but in the case of Vietnam, I can say that cover for medium and long-term business was withdrawn following defaults on repayment.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.

Forward to