Invitation-only Event
Vietnam Debt Capital Market Conference 2024
3:30 PM - 8:00 PM, Friday, April 12, 2024
Language: Vietnamese - English (Simultaneous interpretation provided)
Financing demand for business development in Vietnam is expected to be significant in the coming years to support economic growth and to reduce the reliance on medium- and long-term capital from the banking system. Debt capital, including corporate bonds, has been becoming more important as a financing source for Vietnamese enterprises. The size of the corporate bond market reached 11% of GDP by the end of 2023 and is expected to be a major source of capital for businesses as the Vietnamese government has set a target to increase the size to 20% of GDP by 2025 and 30% by 2030 as per the Master Plan on Securities Market Development approved on December 29, 2023.
As a licensed credit rating agency operating in Vietnam, FiinRatings Joint Stock Company ("FiinRatings") and Credit Guarantee and Investment Facility (“CGIF”) - a trust fund of the Asian Development Bank is co-organizing the “Vietnam Debt Capital Market Conference 2024” with the theme “Unlocking the domestic debt capital market”. The purpose of the event is to create a forum for sharing market information, exchanging good practices and discussing policy developments towards the healthy and sustainable development of the market, thereby supporting market participants in employing the best functions of the debt capital market for business and investment operations.
We cordially invite your esteemed organization to send 2 executive representatives attending the Conference with below information.
On this occasion, FiinRatings will proudly announce, the first-time ever in Vietnam:
- Corporate Bond Yield Curves for Vietnam by our Domestic Rating Scale, by Tenor and by Sector
- Historical Default Ratios for Vietnamese Corporate Bond Market corresponding to our Domestic Rating Scale and Sector, over the last 5 years
Main topics of discussion
1. The Financing Demand and Credit Outlook for Key Sectors in Vietnam
- Key Corporate Sectors: by Mr. Nguyen Nhat Hoang - Corporate Ratings Manager, FiinRatings
- Banking sector: By Mr. Nguyen Anh Quan – Financial Sector Ratings Manager
2. The values from having guaranteed bonds to unlock the Vietnam capital market
By Mr. Gia Dinh Hoang, CFA; Investment Specialist - Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank.
3. The outlook and key credit issues of infrastructure financing in Vietnam
By Mr. Abhishek Dangra, Managing Director and Analytical Manager for Infrastructure, SSEA and Pacific - S&P Global Ratings
4. Announcement and Presentation: Relationship between Credit Ratings and Bond Pricing; and Defaults: Implications for Bond Pricing and Risk Management Practices
Mr. Nguyen Quang Thuan, CEO FiinRatings; and Mr. Le Hong Khang, Analytical Head - FiinRatings
5. Panel Discussion: The opportunities and challenges from investments in Vietnam Debt Capital Market
- The context and the demand for medium-to-long term debt financings by Vietnamese enterprises
- Solutions for resolving the mismatching between deals supply and investor risk appetite
- The role of credit ratings and the role of having guaranteed bonds
- Policy developments and recommendations
- Q&A (15')
Panelists:
- Mr. Paul Coughlin, Chairman of Credit Rating Committee, FiinRatings; Ex-Global Head of Analytics at S&P Global Ratings
- Mr. Mitsuhiro Yamawaki, Deputy CEO and Chief Risk Officer, Credit Guarantee and Investment Facility (CGIF)
- Ms. Tran Thi Kim Cuong, CFA - Chief Executive Officer, Manulife Investment Management (Vietnam)
- Ms. Nguyen Thi Thu Hien, CEO, Techcombank Securities
- Mr. Ngo The Trieu, CEO cum CIO, Eastspring Investments Fund
- Ms. Representative from a prominent issuer
- Moderator: Mr. Do Ngoc Quynh, Vice-Chairman of FiinRatings and General Secretary of Vietnam Bond Market Association
If you have any questions or need further information, please contact our: Ms. Thai Quynh Nga – Investor Outreach Officer at email address: nga.thaiquynh@fiingroup.vn or mobile number: (+84) 342122266.
Speaker
Mr. Nguyen Quang Thuan, Moderator
Chief Executive Officer, FiinRatings
Mr. Paul Coughlin
Credit Rating Committee, FiinRatings; Ex-Global Head of Analytics at S&P Global Ratings
Mr. Do Ngoc Quynh
Vice-Chairman of FiinRatings and General Secretary of Vietnam Bond Market Association
Mr. Abhishek Dangra
Managing Director, Analytical Manager Infrastructure Ratings, South & Southeast Asia and Pacific
Mr. Mitsuhiro Yamawaki
Deputy Chief Executive Officer and Chief Risk Officer, Credit Guarantee and Investment Facility (CGIF)
Mr. Jerome Ferreria
Senior Investment Specialist & Unit Head, Credit Guarantee and Investment Facility (CGIF)
Ms. Tran Thi Kim Cuong, CFA
Chief Executive Officer, Manulife Investment Management (Vietnam)
Mr. Gia Dinh Hoang
Investment Specialist, Credit Guarantee and Investment Facility (CGIF)