Vietnam has first credit rating company

July 31, 2017 - 16:03

The Sài Gòn Phát Thịnh Joint Stock Company has been licensed by the Ministry of Finance to provide credit rating services, the first of its kind in Việt Nam.

HÀ NỘI – The Sài Gòn Phát Thịnh Joint Stock Company has been licensed by the Ministry of Finance to provide credit rating services, the first of its kind in Việt Nam.

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. – VNS

Tags credit S&P rating Sai Gon Phat Thinh

Electricity stocks poised for growth following latest law revision

Economy

B2C e-commerce market in bloom

Economy

Garment industry urged to gain self-sufficiency in raw materials for UK expansion

Economy

VN to regulate digital assets with digital law

Economy

Banks face difficulties in balancing capital raising and lending

Economy

Việt Nam, China ink protocol on railway transport cooperation

More on this story

Economy

Air route linking Đà Nẵng and China’s Zunyi to be launched

Chinese tourist arrivals in Việt Nam reached 2.2 million during January to July, up 51 percent year on year, with the figure expected to rise thanks to the launch of a direct air route between Việt Nam’s Đà Nẵng city and China’s Zunyi city.

Economy

Private sector vital for fuelling economy: PM

The private sector is an important driver of economic development, Prime Minister Nguyễn Xuân Phúc said at the second Việt Nam Private Sector Forum held in Hà Nội on Monday.

Economy

Central bank not really loosening monetary policy, say experts

The central bank’s reduction in refinancing and rediscount rates is expected to help improve the efficiency of the banks’ bad debt settlement.

Economy

MoF refuses to cut tax rates for coal industry

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

Economy

PM’s team: ’Race with time’ to restructure economy

Việt Nam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.

Economy

Latent risks as Aussie meat beefs up VN market share

As the demand for imported beef soars, Australian exporters are strengthening their market share in Việt Nam, but the situation is fraught with risk, experts say.

Economy

Demand for VN rice to be stable in Q3: VFA

The Vietnamese rice market is expected to be stable in the third quarter of the year, chairman of the Vietnam Food Association (VFA) Huỳnh Thế Năng has said.

Economy

Slight gain in July consumer price index

Việt Nam’s monthly consumer price index (CPI) in July rose again by 0.11 per cent, following the rebound of food prices, according to the General Statistics Office (GSO).

Economy

Beware of UAE losses: Ministry

The Ministry of Industry and Trade has advised enterprises to carefully study export regulations of the United Arab Emirates (UAE) when conducting business with firms there to avoid suffering losses.