Vietnam has first credit rating company
The Sai Gon Phat Thinh Joint Stock Company has been licensed by the Ministry of Finance to provide credit rating services, the first of its kind in Viet Nam.
 |
| Standard & Poor’s headquarters in the financial district of New York. The new Sài Gòn Phát Thịnh Joint Stock Company in Viet Nam is now qualified to perform credit rating tasks normally done by S&P. – Photo finanzalive.com |
Credit rating is common in many countries around the world, aiming to supply transparent information for investors and businesspeople.
It is meant to support the stock and bond markets, improve transparency, promote capital mobilisation via the stock market and protect investors’ rights.
Vietnamese enterprises usually have their credit rated by global credit rating agencies such as Standard & Poor’s and Moody’s Investors Service.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Opportunities to unlock in Vietnam’s green finance arena (April 16, 2024 | 09:38)
- Interest rates likely to remain fairly levelled (April 16, 2024 | 09:25)
- UOB Vietnam partners with Betrimex on sustainability (April 15, 2024 | 15:41)
- Listing ambitions of Vietnamese banks backed by leaders (April 15, 2024 | 15:23)
- Cryptocurrency is not banned in Vietnam: Ministry (April 15, 2024 | 09:40)
- SBV to increase gold bar supply to stabilise domestic market (April 15, 2024 | 08:00)
- Behind the numbers: Techcombank’s vision for growth (April 13, 2024 | 11:00)
- Upward trend anticipated in forex rate (April 13, 2024 | 08:00)
- PM demands strengthened gold market management (April 12, 2024 | 17:11)
- Amendments to gold regulations on agenda (April 12, 2024 | 16:10)
Mobile Version