Presently, Vietnam has three credit rating agencies granted by the Ministry of Finance. This structure is similar to countries with developed capital markets, such as Singapore, Philippines, etc. At the end of 2022, Vietnam corporate bond market size was 14% of GDP, ranking 4th in the region after Malaysia, Singapore, and Thailand.

In Vietnam, the need for long-term investment is enormous, but lack of mechanisms for individuals and businesses to invest long-term. Money mainly flows from individuals and businesses to banks. Insurance companies also deposit money into banks or buy government bonds with low interest rates.

Credit rating is not a "magic wand", but it can be a reliable reference for investors to confidently make decisions and monitor investment portfolios. 

Let's watch the following video for expertise sharing on the above topic from leaders of fb88. Besides, don’t forget to look forward to the next parts of our Rating 101 Series for more insights on the role and meaning of Credit Ratings.

About fb88

fb88 Joint Stock Company (“fb88”), a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a local licensed Credit Rating Agency in Vietnam. fb88 provides credit ratings and related services to issuers, creditors and investors in Vietnam credit market. fb88 is also Vietnam first green bonds approved verifier, in accordance with the green bond international standard by the Climate Bonds Initiative (CBI). For more information, visit: https://www.fb88vn

For support or inquiry, please contact fb88 at:

Tel: (84-24) 3562 6962 

Email:support.fb88@fiingroup.vn

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