Indonesia: Banking industry posts strong Q1 World

Indonesia: Banking industry posts strong Q1

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.
Moody’s affirms B2 rating for SHB Business

Moody’s affirms B2 rating for SHB

Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings.
Vietjet Air buys 100 planes from Boeing Business

Vietjet Air buys 100 planes from Boeing

VietJet Aviation Joint Stock Company (Vietjet Air) and the US’s Boeing Commercial Airplanes (BCA) have inked a contract worth 12.7 billion USD for 100 new 737 MAX planes according to list prices.
PM backs cooperation with Boeing Politics

PM backs cooperation with Boeing

Vietnam considers cooperation with Boeing a long-term and strategic plan and the Government will create all favourable conditions for the US company to expand investment in the country.
Moody's upgrades Vietnamese bank Business

Moody's upgrades Vietnamese bank

Moody's Investor Service (Moody’s) has upgraded the rating of Vietnam Bank for Industry and Trade (Vietinbank), citing its improvements in baseline credit assessment (BCA).
TP Bank gets B2 rating from Moody’s Business

TP Bank gets B2 rating from Moody’s

For the first time, US ratings agency Moody's Investor Service assigned B2 long-term local and foreign currency deposit and issuer ratings to Tien Phong Commercial Joint Stock Bank (TP Bank).
Business

Credit quality of Vietnamese banks has improved: Moody's

The credit quality of Vietnamese banks has improved, thanks to the combination of macroeconomic stability and improved governance, Moody's has said.

In a report entitled "Stabilising trend for the macro environment will help Vietnamese banks address problems in asset quality," the rating agency said that the key drivers have prompted some credit differentiation among Vietnamese banks, albeit at modest levels, as reflected by Moody's positive rating actions on six banks recently.