Phần 4: Vietnam’s bank risk rating upgraded | Vietnam Today
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As part of the latest review, three Vietnamese banks also received long-term credit rating upgrades with a stable outlook.
S&P evaluated several key metrics including capital adequacy, asset quality, and sustainable profitability.
This shows that under the guidance of the government and the state bank of Vietnam,
the banking sector has made meaningful improvements and gained trust from international investors.
Higher credit ratings open the door for Vietnamese banks to raise capital internationally at lower interest rates.
This could provide them with access to cheaper funding which can be channeled back into domestic lending for businesses.
Global financial institutions only invest in countries or companies rated BB minus or above.
So being upgraded to BB allow us to tap into international funding at more competitive costs.
Still, the Vietnamese banking system has faced downgrades in the past.
To maintain a stable outlook and work toward further upgrades, experts emphasize the importance of sustaining strong capital safety indicators.
Banks need to keep improving their rates management.