Keynotes with prominent investors from Australia

On June 4, 2024, Mr. Nguyen Quang Thuan, Chairman of FiinGroup and CEO of FiinRatings, shared insightful perspectives on the Vietnam Investment Outlook to a group of 20+ prominent institutional investors and superannuation funds from Australia. The delegation was led by the Australian Ambassador to Vietnam, HE Andrew Goledzinowski.

On June 4, 2024, Mr. Nguyen Quang Thuan, Chairman of FiinGroup and CEO of FiinRatings, shared insightful perspectives on the Vietnam Investment Outlook to a group of 20+ prominent institutional investors and superannuation funds from Australia. The delegation was led by the Australian Ambassador to Vietnam, HE Andrew Goledzinowski.  

The purpose of the gathering was to gain a comprehensive understanding of the investment landscape and outlook in Vietnam, with a specific focus on the capital market including equity, fixed income and the green energy transition.  

Some keynotes shared by FiinRatings’s representative include: 

• Upgrade of Vietnam Securities Market to Emerging Markets Classification: Vietnamese government and related line ministries have been taking very aggressive actions recently for the upgrade. The upgrade to Emerging Market classification would be an great opportunity for not only for investors but also for long-term capital mobilisation by Vietnamese enterprises. 

• Vietnam Sovereign Credit Rating by International Credit Rating Agencies​: VietnamVietnam is currently at BB+ by S&P Global Ratings and also still non-investment grade by other international credit rating agencies. It is the objective of Vietnamese government to be upgraded to investment grade at BBB by 2030. It is the view from FiinRatings that Vietnam can have a fast track to achieve it sooner if the government is taking more aggressive approach in this consideration. The upgrade in the national rating would be much more financially beneficial to reduce the cost of capital for both government debt management and corporate debt financing. 

• Outlook for monetary policy and exchange rate​: FiinRatings provides insights into the measures being taken by the State Bank of Vietnam (SBV) to deal with FX control in order to support foreign investments and capital flowsbeing taken ) to deal with FX control in order to support foreign investments and capital flows. 

• Asset/capital recycling program​: Vietnam currently lacks an asset/capital recycling program to invest in priority sectors, particularly infrastructure. The sub-sovereign funds and the Vietnam public pension fund have limited scale and investment options. 

• Sectors to watch​: Consumerism, sustainable infrastructure, and the financial services sector. 

For more details of the presentation deck, click HERE 

About FiinGroup  

Established in 2008, FiinGroup is a leading integrated service provider of financial data, business information, industry research, credit rating service, and other data-driven analytics services for the Vietnam market. We are serving more than 1,000 local and foreign financial institutions and corporations through our fintech platform as a service (PaaS), annual packages and on-call services. 

FiinRatings Joint Stock Company (“FiinRatings”), a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a local licensed Credit Rating Agency in Vietnam. FiinRatings provides credit ratings and related services to issuers, creditors and investors in Vietnam credit market. FiinRatings has developed and standardized credit rating models for more than 50 industries and sub-sectors of Vietnamese enterprises.  

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