Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.

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's long-term foreign currency (FC) bond ceiling at Ba1, its long-term FC deposit ceiling at B1, and its local currency bond and deposit ceilings at Baa3 are unchanged.