Clarity in Value – Security in Investment with Bond Pricing

A Data-Driven Bond Pricing Solution for a Transparent Market 

️Vietnam’s Stock Market Development Strategy to 2030 (approved under Decision No. 1726/QĐ-TTg dated December 29, 2023) sets a clear objective: to position the stock market as a key channel for medium- and long-term capital mobilization, targeting outstanding corporate bond debt to reach at least 20% of GDP by 2025. 

In line with this vision, Vietnam’s corporate bond market has made significant progress, evolving into an attractive asset class for institutional investors and becoming an integral component of portfolio allocations across various financial institutions. As a result, demand for an objective and transparent bond valuation service has grown significantly—empowering investors to assess fair value and make timely portfolio adjustments based on market conditions. 

Market Reality: Shedding Light on the Grey Areas 

Currently, only a small portion of corporate bonds are actively traded on the secondary market. This lack of liquidity leads to low transparency and hinders accurate market valuation. 

Data sourced from unofficial channels is often incomplete or outdated, risking significant inaccuracies in bond valuation. 

Asset managers, securities firms, and banks face major obstacles in marking bond portfolios to market for performance evaluation, NAV calculation, and risk management metrics such as Value at Risk (VaR). 

A Transparent, Objective Bond Valuation Solution for Domestic Instruments 

To address this urgent market need, FiinGroup has developed the Bond Pricing service - an advanced tool that helps institutional investors determine the fair value of corporate bonds based on the price a market participant would be willing to pay on the secondary market at the valuation date. 

Backed by a transparent, comprehensive, and frequently updated financial data infrastructure, and supported by a team of analysts with over a decade of experience, FiinGroup’s Bond Pricing service delivers a distinct edge through: 

• Full reliance on publicly disclosed trading data to ensure transparency and market relevance. 
• Daily (or periodic) bond pricing updates delivered in formats such as API or CSV, allowing seamless integration with internal systems. 
• Minimized human bias in pricing judgments, ensuring consistency and independence. 
• Clear and rigorous methodologies even for illiquid or non-traded bonds. 

Key Benefits for Institutional Investors: 

• Portfolio Monitoring with Confidence: Bond Pricing equips institutional investors - insurers, banks, fund managers, and other financial entities - with up-to-date pricing across all bond holdings, regardless of market conditions. This allows for proactive portfolio valuation and effective response to market changes. 
• Standardized, Objective Valuation: Moving away from fragmented or subjective pricing methods, Bond Pricing delivers consistent, bias-free results aligned with international best practices. This strengthens the credibility of NAV reports submitted to auditors, shareholders, and regulators. 
• Stronger Risk Control and Investment Decision-Making: Timely valuation data reflects the most recent market sentiment and trading activity. Investors can immediately assess portfolio fluctuations, determine accurate risk indicators (such as VaR), and make well-informed strategic adjustments. 
• Informed Decisions through Deep Analytics: By combining bond pricing with independent credit assessments, investors gain a 360-degree view of each bond and issuer. This enables comprehensive risk analysis, yield spread evaluation, and the formulation of more secure, efficient investment strategies. 
• IFRS Compliance Made Simple: On March 16, 2020, the Ministry of Finance issued Decision No. 345/QĐ-BTC, approving the roadmap for adopting International Financial Reporting Standards (IFRS) in Vietnam. Currently in the voluntary phase, the implementation is expected to become mandatory starting in 2026. Among the core standards, IFRS 13 – Fair Value Measurement plays a crucial role, providing guidance on determining fair value and the necessary disclosures. Bond Pricing is designed to help businesses easily comply with this requirement. 

In today’s volatile financial landscape, shaped by geopolitical uncertainties and shifting markets, gaining a clear, objective view of your investment holdings is more critical than ever to ensure long-term returns and institutional resilience. Let Bond Pricing empower your bond investment decisions with data at the core. 

Learn more about Bond Pricing: 

📞 Tel: (84-24) 3562 6962 ext. 103 
📧 Email: FiinPro@fiingroup.vn