Moody

Update news Moody

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.

Vietnam finance ministry responds to Moody’s latest rating action

The Vietnamese Ministry of Finance (MoF) on Wednesday said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate.

Vietnam urged to respond to Moody’s review to downgrade rating

For Vietnam, the issue is not the lack of money to pay debt, but the inefficient coordination among government agencies, a point that Vietnam must improve on.

Moody’s raises Vietnam credit rating

 VietNamNet Bridge – Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.

Moody's sees improved outlook at six banks

 Moody's has placed six Vietnamese banks on positive outlook, the credit rating agency announced on its website on Monday.

BUSINESS IN BRIEF 20/8

 Foreign funds reap gains of buying domestic stocks; Hanoi to host TPP talks in September; Brokers undeterred by August fears; Australian cattle export to Vietnam up 9,000 pct; Local livestock industry faces import pressure

BUSINESS IN BRIEF 8/8

 Canada conducts investigation on Vietnam’s OCTG; Crimes at major banks prompt call for oversight; Coal industry aims to increase production in H2; Low interest loans needed to replant aged coffee fields; 4G may need unique approach in Vietnam

Moody’s upgrades VN credit rating

 Moody’s Investors Service upgraded Vietnam’s credit rating on July 29, reflecting its continued macro-economic stability.

Moody's: NPL ratio in Vietnam at least 15 percent

 VietNamNet Bridge – Moody’s maintains the "negative" outlook on Vietnam's banking system. It also said that the non-performing loan ratio is much higher than the official figure of 4 percent reported by the State Bank of Vietnam in October 2013.

BUSINESS IN BRIEF 23/5

 Restructured Viettel to concentrate on core business; SME owners determined to succeed; Moody's rating for VietinBank ‘stable'; Vinacomin clarifies tax confusion

Global economic recovery losing momentum: Moody's

 Global economic recovery has lost momentum over the past three months, with several economies still facing significant challenges and are unlikely to resume "normal" growth rates soon,