* 6-MONTH SURVEILLANCE RATING RESULT (Second year of monitoring): vnBBB
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: July 31, 2025
* BUSINESS LINE: Securities
* RATING COMMITTEE:
Ms. Bui Thu Huong, MBA, CFA
Mr. Nguyen Duc Phu, MSc
Mr. Bui Van Long, MSc
* ANALYSTS:
Mr. Le Hoang Quan, MBA
Ms. Diep Ngoc Yen, MSc
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Viet Dragon Securities Corporation (VDS): None
– Saigon Ratings’ bond ownership in Viet Dragon Securities Corporation (VDS): None
– Saigon Ratings’ other debt instrument ownership in Viet Dragon Securities Corporation (VDS): None
– Saigon Ratings employee’s share ownership in Viet Dragon Securities Corporation (VDS): 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 (Viet Dragon Securities Corporation (VDS)).
