Vietnam's Ministry of Finance published a press release on its workshop in Hanoi on developing Vietnam’s credit rating market, co-organised with Australia’s Department of Foreign Affairs and Trade and the Asian Development Bank, with a focus on rolling out mandatory credit rating requirements for corporate bonds and improving market practices. Mandatory credit rating requirements have been applied from 2023 for publicly offered corporate bonds and from 2024 for privately placed bonds, with Decree 245/2025/ND-CP also requiring credit ratings for public offerings. The release highlighted market take-up, including more than 140 enterprises rated to support bond offerings; in 2024, VND 216.6 trillion of bonds from 54 issuers were rated, representing 46.3% of total issuance, while rated issuance reached VND 287.4 trillion in the first 10 months of 2025, 2.1 times the same period in 2024. As of end-October 2025, outstanding bonds of issuers with credit ratings were close to VND 461 trillion, around 33.7% of total outstanding corporate bonds. The November 2025 workshop series in Hanoi and Ho Chi Minh City is intended to disseminate mandatory credit rating rules, discuss international good practices on service quality and legal compliance, and exchange views on periodic monitoring of ratings and internal controls to prevent and address conflicts of interest at credit rating firms. The Ministry indicated it will continue technical support, legal outreach and training, and use the workshop outcomes to inform further work on the development direction of the credit rating market.

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