Conference entitled: “Approaching international capital market-key to success” was jointly held in Hanoi by the Citibank Vietnam, Moody’s Investors Service-a leading global credit rating and the Ministry of Finance, reported the MoF.
The conference focused on introducing opportunities and methods to approach the world’s capital market through issuing international bonds to availing long-term capital sources for the economy, the importance of building the credit ratings for international bond issues, methods to build reports on credit ratings of businesses and benefits that enterprises will gain when using credit rating services.
According to representative from credit rating consulting group from Citigroup, the Vietnamese government and businesses will have a great opportunity to issue bonds on the world markets in the next five or six-years because the global interest rate has dropped to record lows and associated fees have also fallen. As well, the country’s first sovereign bonds issue by Vietnam in November 2005 was widely accepted internationally regardless of wildly fluctuating stock markets.
Phan Thanh Son, head of the Corporate Sales and Structuring Section of the Citibank Vietnam pointed out some risks faced by international bond issuers before and after an issue, and at the same time introduced certain risk management methods of Citibank Vietnam.