FiinRatings - Monthly Newsletter October 2022

24 October 2022 - 05:01 PM Alternate Text

 

FiinRatings would like to send you the FiinRatings Monthly Newsletter – October 2022, with the most noteworthy updates on credit rating scale, in-depth analysis reports, and independent commentaries from our experts to assist market participants in formulating and implementing investment strategies, contributing to the sustainable and transparent development of Vietnam's capital market. 

Key points from FiinRatings Monthly Newsletter – October 2022: 

HIGHLIGHTS 

Decree 65/2022/ND-CP ("Decree 65") amending and supplementing Decree 153/2020/ND-CP on private placement of bonds was officially issued on September 16th, 2022. FiinRatings aims to provide assessments of the impacts of this decree on the market in Market Commentary #3: Assessing the impact of Decree 65/2022/ND-CP on the corporate bond market. See more details HERE

Regarding Decree 65, Mr. Nguyen Quang Thuan - CEO of FiinRatings with other experts participated in the conference “The turning point in the corporate bond market after Decree 65/2022/ND-CP" organized by VnEconomy. See more details HERE

Related to green finance and green bonds, as the first authorized company in Vietnam approved by the Climate Bonds Initiative (CBI) to verify green bonds issued by Vietnamese businesses, FiinRatings is honored to participate in different conferences on these topics and present its Green bond verification service.  

  • The Conference "Green Bond Market Development – Financial Resource Mobilization for Green and Sustainable Growth” was organized successfully by GIZ on September 30th, 2022. See more details HERE

  • The Conference " Realizing the Government's commitment to net zero emissions - Opportunities & challenges for businesses” was organized successfully by Economy & Forecast Review Magazine on October 11th, 2022 See more details HERE

In September 2022, FiinRatings assigned the credit rating scale of Viet Capital Securities Company (VCI) at A- and Stable outlook. To provide the market and institutions with financing capital for securities companies, FiinRatings organized the webinar "Credit Insights for Vietnam Securities Service Sector" on September 28th, 2022. Explore the details of the webinar HERE

MARKET UPDATES 

In September, corporate bond issuance continued its sluggish growth from the beginning of the third quarter, reaching VND 16.1 trillion, a drop of -18.27% m-o-m and -76.44% y-o-y. Due to the recent alleged fraud events related to the issuance and trading of bonds, the issuance volume has not improved yet. Noticeably, real estate issuers had only two transactions totaling VND 2.8 trillion in September. 

You can refer to the bulletin for details HERE

LATEST RATING ACTIONS 

In September 2022, FiinRatings announced that it has assigned a first-time Long-term Issuer Credit Rating 'A-' to Viet Capital Securities Joint Stock Company (“VCI” or “the Company”) with the Outlook: Stable. See more details HERE

View our full newsletter HERE.

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