Vietnamplus

The upgrade of Vietnam’s stock market from frontier to emerging status is a driving force for the future.

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.

Deputy Prime Minister Le Minh Khai on March 31 signed a decision approving the National Credit Rating Improvement Project by 2030.

The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.

As Vietnam has become a middle-income country and will gradually depend more on foreign commercial loans, the improvement of the sovereign credit ratings will help the Government, businesses, and financial and credit institutions be more cost-effective when mobilising loans or issuing bonds to international capital markets, according to the Ministry of Finance.

Global credit rating agency Moody's on August 24 maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance challenges caused by the COVID-19 pandemic.

The international credit rating agency Fitch Ratings on July 19 affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at 'BBB+' with a stable outlook.

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

Many international credit rating organisations want to join the Vietnamese market, heard a seminar in Ho Chi Minh City on April 16.

Moody's Investors Service (Moody's) maintaining the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changing the outlook to “positive” from “negative” is unprecedented, an official has said.

S&P Global Ratings has announced it has retained Vietnam’s sovereign credit rating at BB, with a stable outlook, according to the Ministry of Finance.

Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings.

The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.

Fitch ratings changed on May 9th 2019 its outlook on Vietnam's 'bb' credit rating to 'positive' from 'stable'.

Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.

The State Bank of Vietnam has tightened regulations on corporate bond purchase by credit institutions and foreign banks’ branches.

Fitch Ratings (Fitch) gave the Electricity of Vietnam (EVN) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a stable outlook.

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’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.

The Sai Gon Phat Thinh Rating Joint Stock Company has been licensed by the Ministry of Finance to provide credit rating services, the first of its kind in Vietnam.