U.S. and Israel Attacks on Iran Heighten Energy, FX, and Financing Pressures on Corporate Credit
Escalating US–Israel–Iran conflict is pushing up global energy prices and intensifying inflation, FX, and financing pressures on Vietnam’s corporates
About VIS Rating

About VIS Rating

Vietnam Investors Service And Credit Rating Agency Joint Stock Company (“VIS Rating”) was incorporated on 30 November 2021 by Moody’s Corporation – the world's leading credit rating agency – and leading financial institutions in Vietnam, initiated by the Vietnam Bond Market Association to facilitate the development of the 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.

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Our Services

VIS Rating provides credit ratings for issuers and debt instruments that enhance information transparency and assist issuers and investors to access the corporate bond market in Vietnam.

In addition, we also offer assessment & analysis products which provide our independent and objective opinion on creditworthiness and in-depth analysis of credit quality on corporates in Vietnam to support management decision making on investments and risk management.

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Rating Services

VIS Rating core business provides credit ratings that are publicly available serving the debt capital markets

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Assessment & Analysis Services

VIS Rating provides assessment & analysis services to serve the specific requirement of market participants

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VIS Rating core business provides credit ratings that are publicly available serving the debt capital markets

VIS Rating provides assessment & analysis services to serve the specific requirement of market participants

Research

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Corporate Bond Market - Q1 2026 Review

Slow Issuance as Credit Conditions Grow More Challenging
02/04/2026
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U.S. and Israel Attacks on Iran Heighten Energy, FX, and Financing Pressures on Corporate Credit

Escalating US–Israel–Iran conflict is pushing up global energy prices and intensifying inflation, FX, and financing pressures on Vietnam’s corporates
09/03/2026
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Banking Sector - FY2025 Update

Diverging Asset Quality and Profitability as Large Banks Hold Firm, while Small and Mid-sized Banks Face Mounting Liquidity Pressures
02/03/2026
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Credit Outlook 2026

Stable Credit Outlook in 2026, as Strong Domestic Demand and Liquidity Offset Rate and Tariff Risks
26/01/2026
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Corporate Bond Market Review - 2025 Annual Report

A More Resilient Market Foundation Poised for Continued Growth in 2026
16/01/2026
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Infrastructure Operation Sector – 2026 Outlook

Policy reforms and traffic boom set to accelerate investments, corporate bonds emerge as a strategic financing channel for PPP projects
28/11/2025
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