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Update news Moody's
Delay in paying government debts was due to the lack of seriousness of related government agencies in following the instruction of the prime minister.
Moody's Investors Service on Thursday took rating actions against 18 banks in Việt Nam, following its confirmation of Việt Nam's Ba3 sovereign rating and change of the sovereign rating outlook to negative a day earlier.
Vietnamese banks belong to a handful of examples that combine well two factors of high growth of profit and long-term stability.
The agency will unlikely upgrade the ratings of the 17 banks, because their ratings are on review for downgrade.
The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts made by commercial banks.
Moody's Investors Service raised the outlook on Vietnam's banking system to stable from a negative assessment, noting a stable business climate, improved macro-economic situation and easing liquidity stress.