[FONT="]Table of Contents[FONT="]

[FONT="]

[FONT="]Chapter Title Page

[FONT="]

[FONT="]Acknowledgement [FONT="]i[FONT="]

[FONT="]Abstract [FONT="]ii[FONT="]

[FONT="]Table of Contents [FONT="]iii[FONT="]

[FONT="]List of Tables [FONT="]v[FONT="]

[FONT="]List of Figures [FONT="]vi[FONT="]

[FONT="]1. [FONT="] Introduction [FONT="]1[FONT="]

[FONT="]1.1 Rationale [FONT="]1[FONT="]

[FONT="]1.2 Statement of Problem [FONT="]2[FONT="]

[FONT="]1.3 Objectives [FONT="]2[FONT="]

[FONT="]1.4 Scope [FONT="]2[FONT="]

[FONT="]1.5 Organization of the Research [FONT="]2[FONT="]

[FONT="]2. [FONT="] Literature Review [FONT="]4[FONT="]

[FONT="]2.1 Concept of Project Financing [FONT="]4[FONT="]

[FONT="]2.2 Parties Involved in Project Financing [FONT="]5[FONT="]

[FONT="]2.3 Project Financing Structures [FONT="]7[FONT="]

[FONT="]2.4 Risks Involved in Project Financing [FONT="]7[FONT="]

[FONT="]2.5 Managing Project Risks [FONT="]9[FONT="]

[FONT="]3. [FONT="] Methodology [FONT="]14[FONT="]

[FONT="]3.1 Analytical Model [FONT="]14[FONT="]

[FONT="]3.2 Data [FONT="]16[FONT="]

[FONT="]4. [FONT="] Country Environment [FONT="]17[FONT="]

[FONT="]4.1 Political Environment [FONT="]17[FONT="]

[FONT="]4.2 Macroeconomic Environment [FONT="]18[FONT="]

[FONT="]4.3 Infrastructure [FONT="]19[FONT="]

[FONT="]4.4 Market Opportunities [FONT="]19[FONT="]

[FONT="]5. [FONT="] Key Parties in Project Financing in the Context of Vietnam [FONT="]21[FONT="]

[FONT="]5.1 Government [FONT="]21[FONT="]

[FONT="]5.2 State Owned Enterprises (SOEs) [FONT="]21[FONT="]

[FONT="]5.3 Private Businesses [FONT="]22[FONT="]

[FONT="]5.4 Foreign Direct Invested (FDI) Companies [FONT="]22[FONT="]

[FONT="]5.5 Banks in Vietnam [FONT="]23[FONT="]

[FONT="]5.6 International Finance Corporation (IFC) in Vietnam [FONT="]25[FONT="]

[FONT="]6. [FONT="] Case CSM: Description [FONT="]28[FONT="]

[FONT="]6.1 Profile of CSM Project [FONT="]28[FONT="]

[FONT="]6.2 Financing Structure [FONT="]29[FONT="]

[FONT="]6.3 Special Agreements [FONT="]31[FONT="]

[FONT="]7. [FONT="] Case CSM: Risk Analysis [FONT="]33[FONT="]

[FONT="]7.1 Risk Identifications in CSM Project [FONT="]33[FONT="]

[FONT="]7.2 Protection of Project Cash Flow [FONT="]38[FONT="]

[FONT="]7.3 Loan Security Package [FONT="]44[FONT="]

[FONT="]7.4 Major Difficulties for Lenders in the CSM Project [FONT="]46[FONT="]

[FONT="]7.5 Comments on Project Financing in the case of CSM [FONT="]49[FONT="]

[FONT="]8. [FONT="] Conclusions and Recommendations [FONT="]51[FONT="]

[FONT="]8.1 Limitation [FONT="]51[FONT="]

[FONT="]8.2 Major Findings about Country Environment and Key Parties in the Context of Vietnam [FONT="]51[FONT="]

[FONT="]8.3 Major Findings Related to the CSM Case [FONT="]52[FONT="]

[FONT="]8.4 Recommendations [FONT="]54[FONT="]

[FONT="]8.5 Recommendations for Further Studies [FONT="]55[FONT="]

[FONT="]

[FONT="]Abbreviation [FONT="]56[FONT="]

[FONT="]Reference [FONT="]57[FONT="]

[FONT="]Appendix [FONT="]57[FONT="