[RATING 101 SERIES #8] Initial results of establishing credit ratings culture in Vietnam

Credit rating is not a "magic wand", but it can be a reliable reference for investors to confidently make decisions and monitor investment portfolios. 

Presently, Vietnam has three credit rating agencies granted by the Ministry of Finance. This structure is similar to countries with developed capital markets, such as Singapore, Philippines, etc. At the end of 2022, Vietnam corporate bond market size was 14% of GDP, ranking 4th in the region after Malaysia, Singapore, and Thailand.

In Vietnam, the need for long-term investment is enormous, but lack of mechanisms for individuals and businesses to invest long-term. Money mainly flows from individuals and businesses to banks. Insurance companies also deposit money into banks or buy government bonds with low interest rates.

Credit rating is not a "magic wand", but it can be a reliable reference for investors to confidently make decisions and monitor investment portfolios. 

Let's watch the following video for expertise sharing on the above topic from leaders of FiinRatings. Besides, don’t forget to look forward to the next parts of our Rating 101 Series for more insights on the role and meaning of Credit Ratings.

About FiinRatings

FiinRatings Joint Stock Company (“FiinRatings”), a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a local licensed Credit Rating Agency in Vietnam. FiinRatings provides credit ratings and related services to issuers, creditors and investors in Vietnam credit market. FiinRatings is also Vietnam first green bonds approved verifier, in accordance with the green bond international standard by the Climate Bonds Initiative (CBI). For more information, visit: https://www.fiinratings.vn

For support or inquiry, please contact FiinRatings at:

Tel: (84-24) 3562 6962 

Email: support.fiinratings@fiingroup.vn

Website: https://www.fiinratings.vn

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