Front Matter Page
Asian Pacific Department
Table of Contents
I. Introduction
II. Literature Review
III. Data and Analytical Approach
IV. Vietnam: Corporate Balance Sheet Conditions Prior to COVID-19
V. Impact of COVID-19: Risk of Default, Labor Market Implications, and Risk Propagation
VI. Conclusions and Policy Implications
FIGURES
1. Gross Profitability, by Industries, Ownership Types and Sizes
2. Operating Profitability, by Industries, Ownership Types and Sizes
3. Net Operating Cash flow/Current Liability Ratio
4. Leverage and Investment Financing Sources
5. Interest Coverage Ratio and Debt-at-Risk
6. Upstream and Downstream Linkages Across Industries
TABLE
1. Sensitivity Analysis for Affected Firms
Annex 1. Summary Statistics of Key Variables Across Asian Countries
Annex 2. Overview of Vietnamese Enterprise Survey: Distribution by Firm Characteristics
Annex 3. Summary Statistics of Vietnamese Enterprise Survey
Annex 4. Regional Comparison of Liquidity Coverage
Annex 5. Recent Firm-level Survey on the Impact of COVID-19
Annex 6. Key Policy Measures to Support Businesses in Response to COVID-19
References