* 6-MONTH SURVEILLANCE RESULT (Second year): vnBB+
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: January 22, 2026
* BUSINESS LINE: Real estate development
* RATING COMMITTEE:
Mr. Le Hoang Quan, MBA
Mr. Nguyen Duc Phu, MSc
Ms. Bui Thu Huong, MBA, CFA
* ANALYSTS:
Mr. Bui Van Long, MSc
Mr. Vu Thien Phong, ACCA, CFA
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Hai Dang Real Estate Investment & Development Company Limited: None
– Saigon Ratings’ bond ownership in Hai Dang Real Estate Investment & Development Company Limited: None
– Saigon Ratings’ other debt instrument ownership in Hai Dang Real Estate Investment & Development Company Limited: None
– Saigon Ratings employee’s share ownership in Hai Dang Real Estate Investment & Development Company Limited: None
Saigon Ratings is committed to the implementation of credit rating independently and objectively.
Saigon Ratings issued a credit rating report as a reference information; it is not an investment or capital contribution recommendation for debt instruments issued by the rated company (Hai Dang Real Estate Investment & Development Company Limited).
