Vietnamplus

Fitch Ratings has affirmed PetroVietnam Power Corporation (PV Power)’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook.

Property-sector risks have made operating conditions more difficult for banks in Vietnam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings.

Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has forecast that credit growth in Malaysia will ease slightly to 4.3% this year from 4.5% in 2022 due to a weaker economic outlook and higher borrowing costs.

Credit ratings agency Fitch Ratings has affirmed Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating at 'BB' with a positive outlook.

Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.

According to Fitch Ratings, Malaysia's inflation is expected to stay low at 2.8% in 2023 due to price controls and subsidies.

Demand for electric vehicles (EVs) in Malaysia will grow significantly in 2023, driven by current incentives provided by the government as well as upcoming launches of more affordably priced EVs, according to Malaysian Automotive Association (MAA) President Aishah Ahmad.

Malaysia's economic growth is the fastest among six ASEAN countries in the third quarter (Q3) and also in the first nine months of this year, an official has said.

Credit ratings agency Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating at 'BB' with a positive outlook.

Credit ratings agency Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating at 'BB' with a positive outlook.

Vietnam’s tourism sector is poised for strong growth over the next 5 years, with international tourism receipts expected to surpass pre-pandemic levels in 2024, according to the Business Times of Singapore.

Vietnam’s tourism sector is set to witness strong growth in the next five years, with international tourism arrivals expected to surpass pre-pandemic levels in 2024, according to The Business Times of Singapore.

Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.

Credit ratings agency Fitch Ratings has assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook for the second consecutive year.

Continuing to improve the national credit rating will improve Vietnam's credit profile, and create a spillover effect for the economy as a whole.

The capitalisation of Vietnam’s banking sector is expected to increase by nearly 2.8 billion USD this year.

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry, heightening the country’s international reputation and reducing credit risks.

Fitch Ratings has affirmed Vietnam’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook.

Fitch Ratings has affirmed Vietnam’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook.

Vietnam Electricity (EVN)’s Northern Power Corporation (EVNNPC) has retained its long-term foreign-currency issuer default rating at “BB” with a positive outlook as issued by Fitch Ratings.