越南境内信用评级机构中外国投资的潜力.docxVIP

CONTENTS TABLES AND FIGURES vi ABBREVIATIONS vii ABSTRACT viii INTRODUCTION 1 Audience and Report Structure 1 Report Conclusions 1 VIET NAM’S ECONOMY 1 REGULATORY ENVIRONMENT 4 Regulatory Bodies 4 Bond Market Regulation 4 Credit Ratings Regulation 6 Conclusion 6 VIET NAM’S BOND MARKET 7 Evolution of Market 7 Road Map for Bond Market 8 ASEAN Comparisons 9 Market Structure 11 Intermediaries 12 Investors 12 Governance and Transparency 13 Credit Culture 14 Bond Market Outlook 14 DOMESTIC CREDIT RATINGS 14 Background 14 Domes