Companies in Asia Pacific are having a really hard time getting paid, survey shows

📆 18-05-20 11:12:00
📰 CNBC

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A large proportion of companies in the Asia Pacific have been facing issues of unpaid receivables and delayed payments over the last three years, an industry survey found.

According to the survey by credit insurance company Euler Hermes, 73% of respondents have "endured different levels of unpaid receivables over past three years" while 82% of them suffered from delayed payments in the same period.

A Hong Kong theme restaurant, a popular spot amongst local young people, is closed amid concerns of the spread of the Coronavirus on March 26, 2020 in Hanoi, Vietnam.A large proportion of companies in Asia Pacific have been facing issues of unpaid receivables and late payments over the last three years, an industry survey found.

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How much of this has to do with Asian culture?

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