Featured Research

Power Sector: FY2024 Update

Lower profits for gas and hydro firms from output and price declines, higher retail electricity prices will support sector cash flow
02/04/2025
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Credit insight: Impact of US tariff on Vietnam

Higher US tariffs will challenge Vietnam's manufacturers and policymakers
28/03/2025
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Construction Materials Sector: FY2024 Update

Steel firms ended 2024 with stronger profits, while cement and tile firms struggled amid subdued demand
28/03/2025
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Construction Sector: FY 2024 Update

Stronger demand, lower input and financing costs drove higher profits and improved debt coverage
25/03/2025
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Infrastructure Operation Sector: FY2024 Update

Stronger traffic demand, higher fee schemes and increasing public investment drive strong financial performance
12/03/2025
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Research Reports

Showing   / 68 reports
Topic Sector Title Research date Read more
Sector Comment
Securities

Securities Sector: FY2024 Update

Profits improved from stronger margin lending and investment income, asset risks stabilized amid slower bond defaults
04/03/2025 View report
Corporate Bond Market Review
Corporate Bond

Corporate Bond Market Review - 2024 Annual Report

In 2024, Vietnam’s corporate bond market recovered significantly from the liquidity crisis in 2022-2023 with a marked reduction in new defaults
20/02/2025 View report
Sector Comment
Banking

Banking Sector - FY2024 Update

Large banks ended 2024 with stronger profits and asset quality, while small banks hit by higher funding and credit costs_x000D_
19/02/2025 View report
Credit Insights
Macroeconomics

Credit Conditions - 2025 Outlook

Continued policy support and improving business conditions will drive stable credit conditions in 2025
05/02/2025 View report
Sector Outlook
Banking

Banking Sector - 2025 Outlook

Robust business conditions will drive stronger asset quality and profits in 2025
22/01/2025 View report
Sector Outlook
Securities

Securities Sector - 2025 Outlook

Private-bank affiliated firms will lead the sector profit growth, boosted by stronger investor sentiment and stabilizing asset risk
22/01/2025 View report
Sector Outlook
Residential Real Estate

Residential Property Sector - 2025 Outlook

Outlook improving from stronger housing supply and sales; leverage and refinancing difficulties to ease as cash flows return
20/01/2025 View report
Corporate Bond Market Review
Corporate Bond

Corporate Bond Market Review - December 2024

This monthly report summarizes our observations and analysis of the key developments in the corporate bond market over the past month
09/01/2025 View report
Credit Insights
Banking

Banking Sector - Credit Insights - January 2025

Most banks will maintain stable asset risk in 2025 after Circular 02 expires
06/01/2025 View report
Credit Insights
Corporate Bond

Amendments to the Securities Law - December 2024

Latest amendments to the Securities Law will limit excessive risk-taking and improve market behavior, credit-positive for bondholders
10/12/2024 View report
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