Moody’s has announced to maintain the ratings of the Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV).
Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
According to analysts from MBS Securities JSC, short-term correcting pressures have passed and caused no significant disturbance.
Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese đồng in the period after reporting a surge in the first quarter.
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up to meet the State Bank of Việt Nam (SBV)’s deadline this year.