Vietnam corporate bond market has emerging as an important source of financing for the growth of Vietnamese enterprises over the last 3 years. Total issue value for the first half of 2021 was US$7.3bn on the primary market and this makes total bond value outstanding amounted to US$48bn, accounting for approximately 12% of total banking credit as of 30 June 2021, our data showed. Investor participation profile in the bond market has expanded rapidly beyond the financial institutions namely banks and securities firms to bond funds, other types of asset managers; and to corporate investors, professional investors and retail investors.
While various regulatory developments have been made, there are an absence of an active role of an independent credit rating agency who help issuers in improving their credit profile in the capital market by giving credit rating opinions and providing improved disclosure to the market participants. The rating opinions and its related disclosure will also help investors in making their searching for issuers and asset allocation, managing risks and pricing their return.
FiinRatings as a licensed credit rating agency, we have conducted public ratings for a number of prominent Vietnamese issuers and released the rating result including for Bamboo Capital Joint Stock Company (“BCG”), an emerging real estate and energy developer listed on HOSE. It is our policy to host seminars for all public ratings as way to improve investor communication and also marked our efforts in market education and in supporting a sustainable development of Vietnamese credit market.
This seminar: Rating Rationales on Bamboo Capital Group (“BCG”) and Vietnam Renewable Energy Outlook is the first in a series of seminars for these purposes.
More detail and register HERE