HDBank’s profits up 44.2 percent in H1 Business

HDBank’s profits up 44.2 percent in H1

The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported pre-tax profit of 4.19 trillion VND (183.9 million USD) for the first half of the year, a year-on-year increase of 44.2 percent and equivalent to 58 percent of the full-year target.
Vietnamese banks see improved solvency Business

Vietnamese banks see improved solvency

Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
Finance Ministry responds to Moody’s latest rating action Business

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.
Vietnamese banks’ profitability improves Business

Vietnamese banks’ profitability improves

Vietnamese banks are forecast to gain in profitability this year, but raising capital will be a key focus for banks to meet the State Bank of Vietnam’s strict Basel II requirements.
Home Credit gets Moody’s B3 credit rating Business

Home Credit gets Moody’s B3 credit rating

Moody’s Investors Service has assigned a B3, or stable, credit rating to Home Credit Vietnam Finance Company Limited, making it the first consumer finance company in Vietnam to get the rating. ​
Moody elevates Indonesia credit rating World

Moody elevates Indonesia credit rating

Moody’s Investors Service upgraded its credit rating for Indonesia on April 13, praising the country’s central bank and government policies for boosting confidence in the largest economy of Southeast Asia.