FiinRatings Online Webinar

Vietnam Credit Markets: Corporate Bond Default and Possible Spillover Effects

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2PM, Tuesday, April 25th, 2023

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Vietnam economic growth is expected to maintain a strong growth in this 2023 given its resilience to several domestic and external turbulences. However, since Vietnam is still a banking-based economy and there have been a number of headwinds in the capital and credit markets recently including the increasing corporate bond defaults and the poor performance of real estate sector that would affect the banking outlook.

According to our calculation, the total value of bonds in default is estimated at 12% over the non-bank corporate bonds outstanding while the real estate bond default ratio is calculated at 20,2% as of 17 March 2023. To what extent the bond default could have impacts including the banking sector's outlook given the current credit market environment.

As a Vietnam’s leading credit rating agency we would like to bring a most up-to-date information and market insights to investors and market participants to do business with confidence in Vietnam.

Main topics of discussion

Please join our Host and Speakers for a live and interactive Webinar at 2:00 PM – 4:00 PM (GMT+7) on Tuesday, 25th April 2023, where we will discuss:

1. Vietnam corporate bond market: latest default data and outlook

2. Spotlight about credit performance of real estate sector

3. Possible effects to economic, banking sector and equity market

4. Q&A and Discussion

Remember to submit your questions in advance on the registration page. We will do our best to answer as many as possible.

We hope you can join us live, however, if you are unable to participate, you can still register to access the replay on-demand at your convenience.

This Webinar is provided complimentary basis but registration in advance is required.

About FiinRatings

FiinRatings Joint Stock Company, 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. For more information, please visit


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Nguyen Quang Thuan, FCCA - Moderator

Chairman FiinGroup and FiinRatings

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Paul Coughlin

Special Advisor, Rating Committee Chairman of FiinRatings (ex-Global Head of Analytical at S&P Global Ratings)

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Le Hong Khang

Director, Corporate Ratings

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Nguyen Tung Anh

Manager, Economic and Credit Research, FiinRatings

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Prachi Gupta

Analytical Advisor, FiinRatings