FiinRatings Online Webinar

Vietnam Credit Market Review and Outlook: Navigating the Uncertainties

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3PM, Friday, August 4th, 2023

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In 1H2023, Vietnam’s economy has experienced the second lowest level of growth in the last 12 years, as evidenced by GDP growth of mere 3.7% as well as the export-import turnover decline by 15.2%. In addition, recent headwinds in the capital market and the credit market demonstrated by increasing corporate bond defaults, coupled with a sluggish residential real estate sector performance are putting significant pressure on the banking sector, as well as other non-bank corporate sectors. As of 30 June 2023, the estimated total value of defaulted bonds accounts for approximately 26.9% value of total non-bank corporate bonds outstanding. On a positive note, there has been a commencement of monetary easing, with a total reduction of 150 basis points in the discount and refinancing rates. We expect that the policy supports in 2H2023 will help alleviate the economic effects of reducing production and exports, even though the recovery of each sector may vary considerably.

As a leading domestic credit rating agency in Vietnam, we aspire to provide you – investors, issuers, and other market participants, with the most up-to-date information and market insights in order to identify risks and opportunities in the upcoming time. Please join us in our latest webinar with the theme: Navigating the Uncertainties.

Main topics of discussion

Please join our Host and Speakers for a live and interactive Webinar at 3:00 PM – 4:30 PM (GMT+7) on Friday, 4th August 2023, where we will discuss:

1. Vietnam Credit Market Performance: Economics updates & Credit market environment

2. Sectors Credit Outlook under CRA perspective: Our credit estimates and rationale

3. Company-specific Factors: What factors are important for companies besides industry risk

4. Discussion

Remember to submit your questions in advance on the registration page. We will do our best to answer as many as possible.

We hope you can join us live, however, if you are unable to participate, you can still register to access the replay on-demand at your convenience.

This Webinar is provided complimentary basis but registration in advance is required.

About FiinRatings

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


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Mr. Le Hong Khang

Director, Corporate Ratings, FiinRatings

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Mr. Nguyen Nhat Hoang, CFA

Manager, Corporate Ratings, FiinRatings

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Mr. Nguyen Anh Quan

Manager, Financial Institution Ratings, FiinRatings

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Ms. Tran Thi Anh Linh, CFA - Moderator

Senior analyst cum Investor relation officer, Financial Institution Ratings, FiinRatings