Moody's announces completion of rating review of JSC Bank for Investment & Development of Vietnam (BIDV)

On December 7, 2021, Global rating agency Moody’s completed rating review of JSC Bank for Investment & Development of Vietnam (BIDV). According to Moody’s release, BIDV's long-term local and foreign-currency deposit and long-term issuer ratings were affirmed.

Moody's recognizes the bank’s improvements in asset quality following the resolution of legacy problem assets and improvement in problem loan coverage in recent years. Funding and liquidity are key strengths for BIDV as the bank's solid deposit base is supported by its extensive branch network and strong relationships with large Vietnamese companies.

BIDV's long-term deposit and long-term issuer ratings were affirmed at the highest ratings among Vietnamese banks. Details are as follows:

• Long term Bank Deposits – Local/Foreign currency:  Ba3
• Local and Foreign currency Long term Issuer Rating: Ba3
• Outlook: Positive

2021 marks the 16th consecutive year that BIDV is reviewed by Moody’s and BIDV also is the pioneer in this field. This confirms BIDV’s commitment to transparency as well as compliance with international standards.

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