HANOI (Vietnam News/ANN): There is an urgent need for a credible domestic rating agency in Vietnam to promote the orderly development of a healthy and sustainable bond market, according to a recent report by the Asian Development Bank (ADB).
The report which evaluated the attractiveness of the Vietnam bond market pointed out that the Vietnamese corporate bond market grew rapidly since 2019 and issuances of US$12.8 billion in 2019 were larger than those for Indonesia and the Philippines.
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