Vietnam Credit Outlook H2 2025
Stable outlook as anchored by reform momentum as global headwinds persist
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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Vietnam Credit Outlook H2 2025

Stable outlook anchored by reform momentum as global headwinds persist
30/06/2025
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Construction Sector - Update Q1.2025

Policy tailwinds drive demand, but margin pressure will weigh on credit profiles
27/06/2025
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Revised Credit Institution Law

Legal Reform to Enhance Bad Debt Recovery and Regulatory Intervention, a Credit Positive for Banks
27/06/2025
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Amended Enterprise Law 2025

New leverage cap unlikely to hinder new bond issuance, but investors must scrutinize repayment strength
26/06/2025
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Securities Sector - 3M2025 Update

Momentum Builds on Market Optimism; Funding Stability Set to Improve
18/06/2025
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