Corporate Bond Market Perspective:
Getting back on track, stronger risk awareness and more institutional investors critical for the new development phase
Residential Real Estate Sector – 1H2024 Update:
New housing supply will boost developer cash flows but also increase leverage
Corporate Bond Market Reivew – Aug 2024:
In August 2024, we observed one new bond default totaling VND 450 billion from a real estate-related issuer
Banking Sector Update – 6M2024:
Asset risks and profitability remained broadly stable, with small banks facing more loan delinquencies and liquidity issues
Corporate Bond Market Reivew – July 2024:
Banks continue to dominate new bond issuances, with more than half being Tier 2 capital bonds
Securities Sector Comment – 1H2024 Update:
Margin lending and investment gains drove strong profits, liquidity remained stable despite higher short-term borrowings
|
Vietnam Investors Service And Credit Rating Agency Joint Stock Company (“VIS Rating”) was incorporated in 2021 jointly by Moody’s - a global credit rating agency - and domestic shareholders, initiated by Vietnam Bond Market Association to facilitate the development of domestic bond market. We aspire to be the most respected domestic credit rating agency in Vietnam and to be regarded by domestic and global market participants to be "Vietnam’s Credit Rating Agency of Choice". Our ambition is to be a leading domestic provider of credit ratings and research across multiple industry sectors and issuer groups. Through our ratings and research activity, we aim to provide objective and independent credit opinions and enhance the transparency of information to support the further growth and development of the domestic bond market in Vietnam. Through our access to Moody’s databases, technical expertise and know-hows, we will strive to introduce global best practices to the domestic market, support the systematic development of efficient and liquid debt capital markets, and enhance market transparency and knowledge of credit risk and risk management in Vietnam. |
 |