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
Residential Real Estate

Residential Property Sector: New real estate laws amendment 2024

New real estate laws will pave the way for quicker and prudent development of new housing projects, positive for developers’ credit profiles and sustainable growth of the housing market
22/01/2024 View report
Credit Outlook
Macroeconomics

2024 Credit Outlook

Low interest rates and policy measures will support the recovery of domestic operating conditions and dampen the effects of external uncertainties
12/12/2023 View report
Sector Comment
Residential Real Estate

Residential Property Sector - 9M2023 Update

Poor market sentiment led to weak project sales and operating cash flow, access to new financing is key to cope with refinancing risks
20/11/2023 View report
Sector Comment
Banking

Banking Sector - 9M2023 Update

9M2023 profits fell from the 2022 peak but recovery is within sight as net interest margin and credit pick up
13/11/2023 View report
Sector Comment
Securities

Securities Sector - 9M2023 Update

Profitability recovered from trough levels elevated exposure to higher-risk assets pose downside risk
08/11/2023 View report
Corporate Bond Market Perspective
Corporate Bond

Corporate Bond Market Perspective - October 2023

Proactive negotiations will slow down bond defaults in 2024, marking the start of a new development phase and recovery of bond issuance
10/10/2023 View report
Sector Outlook
Residential Real Estate

Residential Property Sector - 2023 Outlook

Refinancing difficulties to persist as bond maturities and leverage peak amid market downturn, government measures need more time to take effect
07/06/2023 View report
Sector Outlook
Securities

Securities Sector - 2023 Outlook

Weak sentiment and elevate asset risks to hurt profitability, while solvency concerns mitigated by low leverage and stable liquitidy
24/05/2023 View report
Credit Insights
Macroeconomics

Macroeconomics: Weak external demand will weigh on Vietnam’s exports

Downside risks for Vietnam’s economy and GDP growth target
19/04/2023 View report
Credit Insights
Banking

Banking Sector: Reflections on SVB's downfall

Regulatory support is critical to instill stability in a confidence-sensitive environment and banking system in Vietnam
12/04/2023 View report
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