About us

We are extremely proud and honored that Saigon Ratings (SGR), an independent Credit Rating Agency (CRA), has been a pioneer in the financial market and has been licensed by the Ministry of Finance for credit rating activity; and at the same time Saigon Ratings is the first domestic CRA, has performed the function of providing credit rating services in the Vietnamese market.

Rating Services


Saigon Ratings provides independent assessments and forecasts of an issuer’s credit risks or a debt instrument. These evaluations demonstrate the opinion about the ability and readiness of a business entity to meet financial commitments at the maturity date, as well as the credit quality of the individual debt.



Assessment reports and Analysis reports are point-in-time analyses of the issuer’s strengths and weaknesses, debt obligations, or proposed financial structure. The reports may contain some similar parts or analyze some significant factors typically considered during the Credit Rating Process.



Rating list

Ha Noi Highway Construction & Investment JSCIn progress of initial ratingTransportation Infrastructure---
BOT Ninh Thuan Province Company LimitedIn progress of initial ratingTransportation Infrastructure---
RongViet Securities CorporationIn progress of initial ratingFinancial Institution---
Tan Thanh Trading Tourism CorporationInitial ratingReal estate developervnBBB+StableNovember 15, 2023See more
Thai Nguyen International Hospital JSCIn progress of initial ratingHealthcare Services---
Thuan Duc Joint Stock CompanyInitial ratingContainer & PackagingvnBBBStableNovember 02, 2023See more
TNG Investment and Trading JSCIn progress of initial ratingGarmentvnAStableOctober 31, 2023See more
Khai Hoan Land Group JSCIn progress of initial ratingReal estate developer---
Indochine Import Export Investment Industrial Joint Stock CompanyInitial ratingRenewable EnergyvnB-NegativeJune 28, 2023See more
Thanh Thanh Cong Investment Joint Stock CompanyInitial ratingInvestment Holding CompanyvnA+StableJune 12, 2023See more
Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)SurveillanceLife InsuranceConfidential-08/6/2023See more
Thanh Thanh Cong Industrial zone Joint Stock Company (TTC IZ)Initial ratingReal Estate LeasingvnAStable26/05/2023See more
VIETJET Aviation Joint Stock CompanySurveillanceTransportation - AirlinevnBBB-Stable17/11/2023See more
AMERICAN Property JSCSurveillanceReal estate developer---
VIET HAN Trading – Advertising – Construction – Real Estate JSCSurveillanceReal estate developer----
TNL Property leasing & Investment JSCInitial ratingProperty leasing----
TNR Holdings Vietnam Real Estate Investment Development JSCSurveillanceReal estate developerConfidential-12/01/2023See more
Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT)SurveillanceSugar IndustryvnA+Stable15/09/2023See more
TNH Hotels & Resorts Management & Investment JSCSurveillanceAccommodation ServicesConfidential-13/12/2022See more
TNPOWER Energy JSCSurveillanceEnergyConfidential-16/11/2022See more
Sao Vang Tay Do Construction CorporationSurveillanceReal estate developervnBBBStable05/10/2022See more
Phu Hung Assurance Joint Stock Company (PAC)SurveillanceNon-life InsuranceConfidential-02/10/2023See more
AAC CompanyExpiredReal estate developer---See more
HANO-VID CompanyExpiredReal estate developer---See more
Kirby South East Asia Co., Ltd.ExpiredBuilding materials---See more
Free Land Joint Stock CompanyExpiredReal estate developer---See more
Ngoc Thien Global CorporationIn progress of initial ratingMetal production----
THANH VINH Realty Investment & Development JSCIn progress of initial rating
(Surveillance for 2023, 2024, 2025)
Real estate developer----

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