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COVER STORY

ROUNDTABLE

A clearer picture F growth stood at some 45 per cent,
ollowing a remarkable period from
2018 to 2021, when average annual
Vietnam’s bond market then encountered
a crisis in confidence after a series of setbacks
VET sought the opinions of stakeholders on the role credit ratings in 2022. New corporate bond issuances
agencies may play in ensuring information disclosure and putting stalled during the course of the year, and
Vietnam’s bond market back on the right track. this persisted into the first half of 2023.
Due to government support measures,
however, the country’s bond market expe-
rienced something of a recovery in the
latter months of 2023, though previous
levels are still to be restored.
Corporate bonds continue to entail
risks in terms of quality, and an anticipated
significant change in the total value of
public issuances is yet to materialize. To
foster the advancement of a high-caliber
bond market to serve as a long-term capital
mobilization channel for businesses and
an enticing investment option for investors,
credit ratings have emerged as a key solu-
tion in the eyes of many stakeholders.

24 Vietnam Economic Times May 27, 2024 en.vneconomy.vn