SAIGON RATINGS

We are extremely proud and honored that Saigon Ratings (SGR), an independent Credit Rating Agency (CRA), has been a pioneer in the financial market and has been licensed by the Ministry of Finance for credit rating activity; and at the same time Saigon Ratings is the first domestic CRA, has performed the function of providing credit rating services in the Vietnamese market.

 

Saigon Ratings with its Mission and Vision to become an independent credit rating agency for national brands and a leader in the Vietnamese market. We are committed to accompanying the Issuers and the community of domestic and international institutional and individual investors to strive step by step to create and expand the Credit Rating culture in the national financial market.

 

Saigon Ratings aims to promote transparency and efficiency of the market by removing barriers to information asymmetry; thereby helping Vietnamese businesses have the opportunity to open up investment capital and provide independent, objective and reliable information for institutional and individual investors in the national market.

 

The development philosophy of Saigon Ratings is becoming an organization of continuous learning, creating a working environment, a unique organizational culture and a human resource policies to attract and retain talents. All members of the organization committed to working together effectively, a long-term companion to build sustainable organizational development; we share difficulties, challenges and successes.

 

Business registration office Department of Planning and Investment of HCM City granted a business registration certificate on July 30, 2015. Enterprise code 0313375448.

 

And after the process of appraising dossiers from 2015 to June 2017 of 07 ministries and branches: Finance, Public Security, Justice, Planning & Investment, State Bank, State Securities Commission and People’s Committee of Ho Chi Minh City, Ministry of Finance issued Certificate No. 01/GCN-DVXHTN qualified to provide credit rating services on July 2015.

 

  • Vietnamese name: Công ty Cổ Phần Sài Gòn Phát Thịnh Ratings
  • English name: Saigon Phat Thinh Ratings Joint Stock Company
  • Abbreviation: Saigon Ratings
  • Legal representative: Mr. Phung Xuan Minh, Chairman of the Board of Directors cum General Director.
  • Head Office: Phatthinh building, No. 78-80 Le Van Thiem Street, Phu My Hung, District 7, City. HCM.
  • List of shareholders and percentage of equity contribution over 5% of charter capital contributed 15 billion VND, including:

 1. Saigon Phat Thinh Investment Joint Stock Company

   – Contributed capital: 9,000,000,000 VND (Nine billion VND)

   – Capital contribution rate: 60%

 2. Phat Thinh Business Consulting Co., Ltd

   – Contributed capital: 2,250,000,000 VND (Two billion two hundred and fifty million VND)

   – Capital contribution rate: 15%

 3. Mr. Phung Xuan Minh

   – Contributed capital: 3,750,000,000 VND (Three billion seven hundred and fifty million VND)

   – Capital contribution rate: 25%

  • Information on the change of ownership ratio of capital contributors with an ownership rate of more than 5% of the equity capital of VND 30 billion, as follows:

 1. Saigon Phat Thinh Investment Joint Stock Company

   – Contributed capital: 9,000,000,000 VND (Nine billion VND)

   – Capital contribution rate: 30%

 2. Phat Thinh Business Consulting Co., Ltd

   – Contributed capital: 2,250,000,000 VND (Two billion two hundred and fifty million VND)

   – Capital contribution rate: 7.5%

 3. Mr. Phung Xuan Minh

   – Contributed capital: 18,750,000,000 VND (Eighteen billion seven hundred and fifty million VND)

   – Capital contribution rate: 62.5%

  • Information on the change of ownership ratio of capital contributors with an ownership rate of more than 5% of the equity capital of VND 50 billion, as follows:

 1. Saigon Phat Thinh Investment Joint Stock Company

   – Contributed capital: 9,000,000,000 VND (Nine billion VND)

   – Capital contribution rate: 18%

 2. Phat Thinh Business Consulting Co., Ltd

   – Contributed capital: 2,250,000,000 VND (Two billion two hundred and fifty million VND)

   – Capital contribution rate: 4.5%

 3. Mr. Phung Xuan Minh

   – Contributed capital: 38,750,000,000 VND (Thirty eight billion seven hundred and fifty million VND)

   – Capital contribution rate: 77.5%

 

Up to now, Saigon Ratings has been operating and providing services to the Vietnamese market for 3 years. Saigon Ratings provides credit rating products and services to corporate, financial institutions and debt instruments in the market by the practices and standards of global credit rating agency as well as strictly comply with the Vietnamese laws.

 

January 2020.

STRATEGIC DEVELOPMENT ORIENTATION OF SAIGON RATINGS
FROM 2010 TO 2030

Key goal: Top priority must be given to researching, studying and establishing the Saigon Ratings professional background and resources.

  1. Researching and learning business model, organizational management and comprehensive development management experience of some international Credit Rating Agency (CRA).
  2. Studying in-depth operational practices and technical quality standards; Asian CRAs products system.
  3. Investing in building professional background, human and other resource for Saigon Ratings.
  4. Preparing and submitting documents to competent authorities to appraise and complete Business Legal procedures, according to Vietnamese regulations.
  5. Continuously researching, updating and improving the quality of the business process system, credit rating process and the organization’s internal control system.
  6. Establishing and completing organizational structure step by step, developing high quality human resource and culture that can attract talented people.
  7. Providing a variety of credit rating products and services to corporations, financial institutions and debt instruments, ensuring compliance with the practices and quality standards of Asian CRAs.
  8. Establishing partnerships with local and international financial institutions and enterprises.
  9. Inviting international and Asian CRAs as well as potential local financial institutions to participate in equity investments and becoming a strategic partner of Saigon Ratings.

Key goal: Business growth.

  1. Perfecting credit rating knowledge background and products system to ensure similarity with practices and standards of Asian CRAs.
  2. Comprehensively developing the resource strength of an independent CRA for SaigonRatings.
  3. Setting a business, organizational and operational model consistent with other Asian CRAs and meeting competitive demand in the Vietnamese market.
  4. Comprehensively developing business efficiency in terms of growth rate, market share, products and service system, competitive position, reputation, revenue and profit.
  5. Completing the goal of inviting for cooperation with potential domestic and international strategic partners.
  6. Participating in connecting, expanding relationships and cooperation with potential partners in the national and international financial ecosystem.

Key goal: Accelerate and develop sustainable business.

  1. Becoming a national credit rating agency with brand name recognized in Asia.
  2. Developing, expanding and diversifying strategic shareholders of Saigon Ratings and promoting comparative advantages from shareholders’ resources.
  3. Implementing the development strategy to diversify products and services system of the national financial ecosystem in accordance with each stage of development.
  4. Having sustainable business development and striving to complete important strategic goals and plans of this phase.

THE ORGANIZATION STRUCTURE OF SAIGON RATINGS