Managing the global financial crisis 2007-2009 experience for Vietnam and Vietnamese businesses
Mai Van Luong
The financial crisis is one of the rules of the economy, no individual or organization can stop this. So businesses must always have a coping plan. The world financial crisis in 2007-2009 has negatively impacted the Vietnamese economy in general and overseas enterprises in Vietnam in particular. Foreign businesses operating in Vietnam actively manage credit and foreign exchange risks, using insurance measures in the foreign exchange and credit markets. In addition, they were also interested in operational risks, interested in cash flow, good asset management. These are valuable lessons learned for Vietnamese businesses.