Moody’s upgrades Vietnam’s credit rating
Vietnam one of four countries to receive an upgrade from Moody’s since the beginning of the year.
Moody’s maintains ‘B1’ credit rating for TPBank
Moody’s has announced that it will maintain its positive “B1” credit rating for the Tien Phong Commercial Joint Stock Bank (TPBank). Only five other joint stock commercial banks in Vietnam received this rating in this year’s assessments from Moody’s.
Moody's positive on banking industry
The performance of Vietnam’s banking industry will improve as Covid-19 gradually passes, according to the latest report from credit ratings agency Moody’s Investors Service. Almost all indicators, such as NIM (net interest margin), CASA (current account savings account), ROA (return on assets), and LDR (loan to deposit rate) of banks will significantly improve this year, it believes.