Efforts by the Vietnamese authorities to speed up resolution of legacy problem loans could help address the asset-quality issues that weigh heavily on banks' viability ratings.
The State Bank of Việt Nam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.
The Commercial Joint Stock Bank for Agriculture and Rural Development of Việt Nam (Agribank) is the second bank to be named on the country’s list of banks with total assets exceeding the threshold of VNĐ1 quadrillion (US$43.86 billion).
Trading of long-term Government bonds (G-bonds) in the first five months of 2017 has seen improvements compared to 2016 due to changing tastes of institutional investors.
Shares are forecast to extend rally this week, but on a slower pace as profit-taking selling pressure is increasing after the benchmark VN-Index has continuously touched new nine-year highs.
Fitch Ratings has revised its outlook on Việt Nam’s long-term foreign and local currency issuer default ratings (IDR) to Positive from Stable and affirmed the ratings at "BB-."
Fitch Ratings on Tuesday released a report forecasting that Vietnamese banks are set to improve gradually next year.
Prime Minister Nguyễn Xuân Phúc said Việt Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.
Việt Nam’s (B1 stable) credit profile is supported by its robust economic growth and diversified economy, Moody’s Investors Service said on Wednesday.
Fitch Ratings on Wednesday affirmed Việt Nam’s long-term foreign and local currency IDRs at ’BB-’ with a stable outlook.