Moody's Investor Service (Moody’s) has upgraded the rating of Vietnam Bank for Industry and Trade (Vietinbank), citing its improvements in baseline credit assessment (BCA).
A Vietinbank transaction office (Source: Vietinbank)
Hanoi (VNA) - Moody's Investor Service (Moody’s) has upgraded the rating ofVietnam Bank for Industry and Trade (Vietinbank), citing its improvements in baseline creditassessment (BCA).
The United States-based rating agency lifted thebanks' BCA to B2 from B3 while keeping Vietinbank’s issuer ratings anddomestic-currency deposit ratings at B1 and long-term foreign-currency depositat B2 with a “stable” outlook.
Accordingto Moody’s, the upgrade reflects the bank’s improvement in mobilising capital.
As ofSeptember 30, 2016, Vietinbank’s total assets reached 901 trillion VND (39.64billion USD), up 15.56 percent from the end of 2015, exceeding the target setfor the whole year.
Its outstandingloan balance was 625 trillion VND (27.5 billion USD), up 16.23 percent from theend of last year, while deposits grew 27 percent. Bad debt accounted for 0.86percent of the loan outstanding balance, the lowest rate in the banking sector.
As ofthe third quarter this year, the bank generated 6.48 trillion VND (285.34million USD) in pre-tax revenue, a year-on-year increase of 13.27 percent,making up of 82.1 percent of its target set for the period.
Itspost-tax revenue was 5.19 trillion VND (228.5 million USD), up 16.41 percentfrom the same period last year.-VNA
Shares rallied for a third consecutive session on November 24, driving by consumer goods producer Masan Group’s dividend payment plan, while financial-banking stocks continued to perform well.
Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’ weak credit profiles.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A Vietinbank transaction office (Source: Vietinbank) 
