Keyword: "payments"

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Finance Ministry responds to Moody’s latest rating action

Finance Ministry responds to Moody’s latest rating action

The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate, given it is grounded on an isolated incident and does not adequately recognise the Vietnamese Government’s instituted policies and procedures to ensure smooth and timely debt repayment on government guaranteed borrowings.