Vietnam - Credit Rating (2024)

FAQs

Vietnam - Credit Rating? ›

Press release "S&P upgrades Vietnam sovereign credit rating to BB+" 26/05/2022 11:18:00 1932. On May 26, 2022, credit rating agency S&P Global Ratings upgrades Vietnam long-term sovereign credit rating to BB+, outlook Stable.

Press release "S&P upgrades Vietnam sovereign credit rating to BB+" 26/05/2022 11:18:00 1932. On May 26, 2022, credit rating agency S&P Global Ratings upgrades Vietnam long-term sovereign credit rating to BB+, outlook Stable.

The rating agency upgraded the Long-Term Foreign-Currency Issuer Default Ratings of three major banks, namely VietinBank, Vietcombank, and Agribank, from BB to BB+ with a "Stable" outlook. Additionally, the Military Bank (MB)'s credit rating has also been elevated to BB with a "Stable" outlook.

Fitch Upgrades Vietnam to 'BB+'; Outlook Stable.

In 2022, Moody's upgraded Viet Nam's long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive, making the nation the only in Asia-Pacific and one of the four countries globally to have ratings upgraded by Moody's.

On June 15, 2023, S&P Global Ratings affirmed its long-term foreign- and local-currency sovereign credit ratings on Vietnam at 'BB+'. At the same time, we affirmed the short-term ratings at 'B'. The outlook on the long-term rating is stable.

There are no credit score system in Vietnam yet. There is an internal system for banks and creditor to check people credit, this called CIC.

In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023. BIDV is the next Vietnamese bank listed in the ranking with 151st position, up 10 positions compared to 2023.

Fitch Affirms U.S. Bancorp's Ratings at 'AA-' Following Large Regional Bank Review; Outlook Stable.

Is Vietnam in debt? ›

Public debt in Vietnam in 2021 was 39.1% of GDP.

S&P, the other major global rating agency, also rates China A+, the equivalent of Moody's current A1 rating.

Risk Assessment

Coface Country Rating: B — Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior.

The announcement follows Moody's outlook change on China's A1 rating to negative from stable. The change in Hong Kong's rating outlook reflects Moody's assessment of tight political, institutional, economic and financial linkages between Hong Kong and the mainland which keep the rating gap no wider than one notch.

There are several other countries in Europe and Asia that also have exceptional credit ratings. Some of the top examples include Australia, Canada, Denmark, Germany, Sweden, Switzerland, Norway, and Hong Kong. These are all countries that generally carry a credit rating of AAA.

Fitch upgrades Vietnam to 'BB+', outlook “Stable”

The upgrade reflects Vietnam's favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, which Fitch Ratings expects will continue to drive sustained improvements in its structural credit metrics.