ratings of the nation's listed firms, with 165 of the 539 companies
scoring the highest ranking, an increase of 46 percent over 2009.
The ratings system was developed by the centre and global firm Dun & Bradstreet.
The number of listed firms rated average in terms of creditworthiness
increased to 15, which was blamed on the impact of the global debt
crisis, said Credit Information Centre deputy director Nguyen Huu Duong.
Companies earning the average level in 2009 was only 9, he said.
Listed firms in HCM City posted better creditworthiness than those
in Hanoi , with companies in the rubber and paper industries earning
the highest ratings, followed by consumer goods and manufacturing
enterprises, Duong added.
Credit Information Centre
director Pham Cong Uan said the ratings would improve market
transparency and provide investors with a useful basis for evaluating
their investments.
Vietnam Association of Securities
Businesses general secretary Nguyen Thanh Ky said quality and timely
information was decisive to every investment decision in the stock
market.
Nicholas Teoh, vice president of Dun &
Bradstreet's Asia Pacific Partnerships, said Dun & Bradstreet would
invest 110-130 USD million to improve access to this information online
over the next three years./.
