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

On June 21^st, 2021, Global rating agency Moody’s has completed a periodic review of the ratings 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 steady improvements in asset quality following the resolution of legacy problem assets and VAMC bonds write – off. Funding is a key strength for BIDV as the bank's deposit base is supported by its extensive branch network and strong relationships with large Vietnamese corporates.

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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