... research: The application of Altman’s z score model to measure default risk of the Vietnamese commercial banks borrowers The objectives of the thesis are (1) to apply Altman’s z model in measuring ... measuring default risk of the sample companies including customers borrowing money from banks, (2) to contribute to the implications of Altman’s z model on the safety and soundness of credit ... credit risk management However, the current credit risk measurement tools has not been developed in Vietnam Banks often evaluate credit risk of their customers due to their subjective judgement, their...