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.
Fitch Ratings has issued the long-term issuer default ratings (IDRs) on five Vietnamese banks.