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Credit ratings and independent research, supporting capital raising, investment and partnership decisions in Vietnam

View rating results Latest Research
Quality
Integrity
Responsibility
Continuous Learning
Issuer rating - Long-term
25/05/2026 | Initial rating
PVTrans Pacific
Outlook Stable A
Issuer rating - Long-term
22/05/2026 | Affirm
TPBank
Outlook Stable AA-
Issuer rating - Long-term
15/05/2026 | Initial rating
FECON
Outlook Stable BBB-
Issuer rating - Long-term
15/05/2026 | Withdraw
OCB
WR
Issuer rating - Long-term
14/05/2026 | Affirm
VNDIRECT
Outlook Stable A-
Issuer rating - Long-term
13/05/2026 | Affirm
MB Securities
Outlook Stable A+
Issue rating - Long-term
13/05/2026 | Initial rating
FECON FCN12601
Outlook Stable BBB-
Issuer rating - Long-term
12/05/2026 | Withdraw
Chứng khoán UP
WR
Issuer rating - Long-term
08/05/2026 | Affirm
LPBank
Outlook Stable A+
Issue rating - Long-term
22/04/2026 | Withdraw
VietABank VABCLH2431001
WR
Issue rating - Long-term
22/04/2026 | Withdraw
VietABank VABCLH2330001
WR
Issuer rating - Long-term
22/04/2026 | Withdraw
VietABank
WR
Issuer rating - Long-term
16/04/2026 | Initial rating
PVOIL
Outlook Stable AA+
Issuer rating - Long-term
08/04/2026 | Upgrade
TPBS
Outlook Stable BBB+
Issuer rating - Long-term
13/03/2026 | Initial rating
LPBS
Outlook Stable A-
Issue rating - Long-term
07/01/2026 | Withdraw
VietABank VABLH2431002
WR
Issuer rating - Long-term
06/01/2026 | Outlook change
Gelex Group
Outlook Positive A
Issuer rating - Long-term
24/12/2025 | Initial rating
Aqua One
Outlook Stable BBB+
Issuer rating - Long-term
24/12/2025 | Initial rating
THACO
Outlook Stable A-
Issue rating - Long-term
24/12/2025 | Initial rating
Aqua One AQ112501
Outlook Stable BBB+
Issuer rating - Long-term
23/12/2025 | Initial rating
Vinaliving
Outlook Stable BBB+
Issuer rating - Long-term
17/12/2025 | Initial rating
BSC
Outlook Stable A+
Issuer rating - Long-term
16/12/2025 | Initial rating
TVS
Outlook Stable A-
Issuer rating - Long-term
09/12/2025 | Affirm
Tasco
Outlook Stable BBB+
Issuer rating - Long-term
05/12/2025 | Initial rating
SaigonRes
Outlook Stable BBB+
Issuer rating - Long-term
01/12/2025 | Initial rating
VPBANKS
Outlook Stable A
Issuer rating - Long-term
22/10/2025 | Affirm
ABBank
Outlook Stable A-
Issuer rating - Long-term
21/10/2025 | Initial rating
Tasco Auto
Outlook Stable BBB+
Issuer rating - Long-term
03/10/2025 | Initial rating
VietinBank Insurance
Outlook Stable A+
Issuer rating - Long-term
02/10/2025 | Initial rating
SHS
Outlook Stable A
Issuer rating - Long-term
26/09/2025 | Initial rating
Ba Na Service Cable Car
Outlook Stable BBB+
Issuer rating - Long-term
16/09/2025 | Affirm
Phenikaa Group
Outlook Stable A
Issuer rating - Long-term
01/08/2025 | Initial rating
Becamex
Outlook Stable A
Issuer rating - Long-term
01/07/2025 | Initial rating
AIS Securities
Outlook Stable A-
Issuer rating - Long-term
12/06/2025 | Initial rating
Mcredit
Outlook Stable A-
Issuer rating - Long-term
29/05/2025 | Withdraw
Ha An Group
WR

Research

See all insights →
Banking Sector - 3M2026 Update
Sector Comment
Banking 25/05/2026

Banking Sector - 3M2026 Update

Tight Liquidity, Rising Risks: A Tougher 2026 Looms for Vietnam Banks

Read more
Residential Real Estate 04/05/2026

Residential Real Estate Sector – 2026 Outlook

Tighter bank financing in 2026 will drive increasing divergence in the housing supply mix, funding structure, and credit profile of developers

Read more
Macroeconomics 09/03/2026

U.S. and Israel Attacks on Iran Heighten Energy, FX, and Financing Pressures on Corporate Credit

Escalating US–Israel–Iran conflict is pushing up global energy prices and intensifying inflation, FX, and financing pressures on Vietnam’s corporates

Read more
Corporate Bond 02/04/2026

Corporate Bond Market - Q1 2026 Review

Slow Issuance as Credit Conditions Grow More Challenging

Read more

VIS Rating by the Numbers

Milestones that reflect our commitment and capabilities in enhancing transparency in Vietnam’s capital market

Rated
25%+
of first-time rated companies in 2025
Published
125+
research reports on Vietnam’s corporate bond market and key sectors
Featured in
66%
of media articles and interviews citing credit rating experts in 2025

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Solutions & Services

VIS Rating offers a suite of solutions that support businesses in accessing capital, fostering partnership opportunities, managing risks, and driving sustainable growth

Credit Rating and Assessment
Public Credit Rating

Public Credit Rating

Publicly disclosed independent credit opinions that help businesses enhance transparency and access capital markets

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Credit Assessment

Independent and confidential credit assessments tailored for internal use or selective disclosure to partners and stakeholders

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Supporting risk management and decision-making
Corporate Credit Insights

Corporate Credit Insights

Providing rapid, structured credit insights to support the screening of partners, clients, or investment opportunities

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Investment Portfolio Service

Investment Portfolio Service

Systematic, independent credit risk assessment and monitoring for portfolios of companies and debt securities

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Second-party opinion
Second Party Opinion

Second Party Opinion

Independent assessment of sustainable finance frameworks or instruments, helping enhance transparency and strengthen market confidence

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