INVESTMENT BANKING

Designing the Right Capital Strategy
Partnering for Success

A trusted bridge connecting businesses and investors in Vietnam’s dynamic capital market

Overview of Corporate Finance Advisory

#1

position

Leading in Corporate Bond market since 2014

+650.000

billions VND

Total value of Bond Issuance Advisory from 2017 to 2024

16%

market share

Leading the Bond Issuance Advisory segment in 2024

75.000

billions VND

Total volume of Bond Issuance Advisory in 2024


Focusing on Core Advisory segments such as…

Bond Issuance Advisory

  • Bond Issuance and Listing Advisory
    • Private Placement Bonds
    • Public Offering of Bonds
    • Bond Listing
  • Other Bond Product Advisory
    • Green Bonds
    • Payment-Guaranteed Bonds
    • Convertible / Exchangeable Bonds
    • Bonds with Warrants or Other Attached Rights
    • Commodity-linked Bonds​

Equity Issuance and M&A Advisory

  • Equity Issuance Advisory
    • Initial Public Offering
    • Private Placement
    • Issuance to Existing Shareholders
    • Stock Dividend Issuance
  • M&A and Capital Instruments Advisory
    • M&A and Capital Instruments Advisory
    • Covered Warrant Issuance
    • M&A Transactions Advisory (including deal sourcing, investor/buyer identification, transaction structuring, regulatory procedures, and documentation support)
    • Business Valuation Advisory in M&A Transactions

Capital Solutions in Collaboration with Techcombank

  • Advisory and Connection Services with Techcombank for Loan Financing and Other Capital Solutions
    • Investment Financing
    • Project Financing​​
    • Working Capital Financing
    • Underwriting Services

Our Competitive Advantages in Advisory Segment

TCBS has developed an integrated product ecosystem providing comprehensive and professional solutions for enterprises across capital raising, distribution, and transaction execution.

1. EXPERIENCE IN ISSUANCE ADVISORY
1 6-Step Due Diligence and Issuance Screening Model
View details
2 Experience in Transaction Structuring
3 Documentation and Regulatory Compliance Advisory
4 Transparency and Liquidity
2. DISTRIBUTION CAPACITY

Strong capacity to distribute large volumes and ensure successful issuance

1 Ecosystem
Bond Investment Funds
2 Strong Capital Base
investing in bond issuances
3 Extensive Institutional and Retail Client Network
4 Diverse Distribution Channels
Partnerships, Fundmart
3. OPERATIONAL EXCELLENCE SERVICES

  All-in-one Solution
End-to-End Solutions Across the Entire Bond Lifecycle — Before, During, and After Issuance

  Over 10 years
Operational Experience

  Managing over VND 400 trillion
Corporate Bond Volume

4. TECHNOLOGY AND AUTOMATED PLATFORM

  Automation System
From issuance advisory to post-issuance operations, ensuring data accuracy, information transparency, and rapid processing efficiency.

  TCCorp
Vietnam’s first B2B online platform connecting corporate clients and financial institutions for capital raising and investment opportunities in securities products — most notably, corporate bonds.


Strategic Financial Advisory

TCBS accompanies enterprises throughout their privatization, listing, mergers and acquisitions, and financial restructuring processes. Our clients include leading corporations and businesses across Vietnam’s core economic sectors — including real estate, consumer goods, natural resources, agriculture, and energy.

Notable transactions and clients

VinFast issued VND 14,120 billion in privately placed, asset-backed, non-convertible bonds with a third-party payment guarantee. The VinFast bond marks a pioneering innovation in the market, offering bondholders exclusive privileges to purchase premium real estate in Vinhomes projects.

Sun Group issued VND 3,500 billion in privately placed, asset-backed, non-convertible bonds without warrants, offered across three tranches.

Masan Group issued VND 3,000 billion in non-convertible, unsecured bonds without warrants through both public and private offerings.
Nui Phao Mining Company (VND 6,300 billion) conducted a private placement of non-convertible, unsecured bonds without warrants.

Bao Viet Bank issued VND 1,800 billion in privately placed, non-convertible, unsecured bonds without warrants.

Hung Yen Urban Development JSC issued VND 7,200 billion in privately placed, non-convertible bonds without warrants, guaranteed by Techcombank. The bonds were issued in a zero-coupon structure.

Techcombank issued VND 6,500 billion in privately placed, non-convertible, unsecured bonds without warrants.

Thanh Thanh Cong Joint Stock Company (VND 500 billion) issued publicly offered, non-convertible bonds without warrants, secured by assets.

Outstanding Awards of TCBS