Viet Nam’s local currency bond market grew 8.1 per cent from the previous quarter to US$99.5 billion. The faster expansion was driven by both the government and corporate bond segments.
Fitch Ratings has assigned a first-time long-term foreign-currency issuer default rating (IDR) of ''BB'' and long-term local-currency IDR of ''BBB'' to ANZ Bank Vietnam Limited (ANZV).
Viet Nam’s local currency bond market grew 2.6 per cent to $52.9 billion in local currency terms in the second quarter of this year, after a 0.7 per cent expansion in the first quarter.
Viet Nam remained the smallest local currency bond market among nine economies of emerging East Asia, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor.
Moody’s Investors Service on Tuesday upgraded the ratings of many Vietnamese banks, reflecting its expectation that the strong economic growth in Viet Nam will support the asset quality and profitability of the banks.
Moody’s Investors Service has upgraded the long-term local-currency bank deposit ratings and local- and foreign-currency issuer ratings of three banks in Viet Nam from B2 to B1.
Fitch Ratings has revised its outlook on Viet Nam’s long-term foreign and local currency issuer default ratings (IDR) to Positive from Stable and affirmed the ratings at "BB-."
Moody''s Investors Service yesterday affirmed the
debt and deposit ratings of the Viet Nam Bank for Industry and Trade
(VietinBank) as B2 in local currency and B3 in foreign currency. The
outlook on the bank''s ratings is stable.