HCMC – The Ministry of Finance is developing a plan to issue government bonds on international markets, prioritizing feasibility and reasonable fund-raising costs.
This information has been unveiled by Minister of Finance Nguyen Van Thang during his recent meeting with HSBC’s Group CEO Georges Elhedery. Thang said that a sovereign credit rating upgrade is a key objective to ensure these financial targets are met.
Vietnam’s government bond market, which reached VND2.62 quadrillion by late 2025, serves as the foundation for this global expansion. As the ministry prepares for future bond sales, it is focusing on increasing engagement with international investors at major financial hubs. Thang identified a credit rating upgrade as a central task to affirm macroeconomic stability and enhance the reputation of Vietnam’s economy among the global investment community.
To support this roadmap, HSBC, a long-standing advisor for Vietnam’s bond issues in 2005, 2010 and 2014, will provide technical solutions and consulting on a strategic path toward the upgrade. Beyond bonds, the two sides discussed green taxonomy and carbon credit markets to attract sustainable finance.
Meanwhile, Georges Elhedery pledged the bank would function as a bridge, channeling global capital into Vietnam. He agreed that an upgraded credit rating would provide a significant competitive advantage, helping to shield the national financial system from global volatility while streamlining the influx of foreign capital.
