The forum was jointly organized by Fitch Ratings, a credit rating agency, and The Asset, a prestigious financial magazine.
Mr. Nguyen Xuan Nam said that in 2018 EVN was the first state-owned enterprise of Vietnam to be assigned by Fitch Ratings an Issuer Default Rating of ‘BB’, with a ‘Stable Outlook’ for long-term foreign currency. This credit rating is a solid guarantee of EVN for potential domestic and international investors. The Group thus has a stronger base to mobilize investment capital for power projects.
Mr. Nguyen Xuan Nam – EVN’s Vice President (in the middle) spoke about EVN's financial mobilization plan at the Forum
In the coming period, the parent corporation EVN and 9 member corporations need massive financial resources to invest in power generation and grid projects. EVN has been formulating a plan of organizing a seminar to share its investment plan with international credit institutions. Thereby, interested credit institutions can make financial arrangement proposals for every power project.
CAPEX and tenors of loans will be the most important factors for EVN to consider and make decisions among different financial arrangement proposals of international credit institutions.
At this forum, representatives of Fitch Ratings shared about factors deciding the improvement of Vietnam's credit outlook from stable to positive, affirming the uphold of BB rating.
Participants and speakers expressed the hope that Vietnam's credit rating in the coming time will be constantly improved, thereby enhancing the national prestige, reducing financial mobilization costs and facilitating the access to markets through enhancing the ability of attracting investors.