31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Moody’s raises rating for 15 Vietnamese banks
Moody’s decision in upgrading the country’s outlook by two ranks from negative to positive is “unprecedented” since the Covid-19 outbreak, stated Vietnam’s Finance Ministry.
09:12, 2021/12/19
Moody's changes Vietnam's outlook to positive
The drivers of the positive outlook include signs of improvements in fiscal strength and potential improvements in economic strength that may strengthen Vietnam's credit profile over time.
09:30, 2020/30/24
Moody's confirms ratings of five Vietnamese financial institutions
Moody's rating action concludes the review for downgrade initiated on April 7, 2020.
18:40, 2020/40/07
Moody's places five Vietnamese financial institutions on review for downgrade
An upgrade is unlikely, given the review for downgrade.
16:04, 2020/04/02
Moody’s changes outlook for Vietnam’s banking system to negative on Covid-19
Prospects of foreign investment will dim in 2020, given the impact of the coronavirus outbreak on investment sentiment globally, and this will make it more difficult for Vietnamese banks to raise external capital.
11:22, 2020/22/02
Vietnam economy will face unprecedented challenges from coronavirus outbreak: Moody’s
The magnitude of the impact of the coronavirus outbreak will depend on the length of disruptions, which is hard to predict, Moody’s noted.
14:43, 2020/43/20
Profit of Vietnam banking sector predicted to grow 22.5% in 2020
In 2020, the credit growth is expected to be in range of 13 – 13.5%, down from 13.7% last year.
14:22, 2020/22/20
Debt maturity in 2020 – 2021 to put pressure on Vietnam’s state budget
Vietnam is capable of repaying debts, as the annual debt repayment accounts for 15 – 16% of total state budget, below the ceiling limit and international practice of 25%.
16:04, 2019/04/30
Vietnam’s 4 state-run banks to qualify for Basel II in 2020
By the end of 2020, all commercial banks are required to meet Basel II standards, a condition for local lenders to expand their respective credit growth limit and increase registered capital.
16:30, 2019/30/21
PM blamed ministries for Moody’s negative action
Delay in paying government debts was due to the lack of seriousness of related government agencies in following the instruction of the prime minister.
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