Draft amendments to the Law on Support for Small- and Medium-Sized Enterprises aim to reduce SMEs’ dependence on collateral-backed borrowing and encourage banks to assess borrowers based on business performance, transaction data, cash flow and value chains.
The General Council of Agriculture and Rural Development of Việt Nam on May 22 launched a programme to rate the credibility of agricultural businesses and entrepreneurs to improve access to finance for the farming sector.
While the Government aims for an investment-grade rating by 2030, we believe it can be achieved sooner since Việt Nam already meets most quantitative criteria and only needs to address a limited set of qualitative issues.
Deputy Minister of Finance Nguyễn Đức Chi said that despite global uncertainties, Việt Nam’s macroeconomy remains stable with robust recovery of production, exports and foreign direct investment.
Statistics showed that about 70 enterprises issued bonds worth VNĐ180.4 trillion in the first 10 months of this year and bought VNĐ190.7 trillion of bonds before maturity, an increase of 30.3 per cent over the same period last year.
The listing of shares and the implementation of a corporate credit rating will help insurance businesses improve their financial capacity, governance, and competitiveness.
The Outlook on the IDR is Positive, in line with Viet Nam''s sovereign rating of ''BB'' with a Positive Outlook. The Viability Rating (VR) was affirmed at ''b''.
Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country''s reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of...
Viet Nam aims to raise its sovereign ratings by 2030, according to the Sovereign Rating Improvement Project recently approved by eputy Minister Le Minh Khai.
The S&P Global Ratings announced late last week that it had retained Viet Nam’s sovereign credit rating and improved its economic outlook to ''positive'' from ''stable''.