On 21 June 2021, the global rating agency Moody’s has completed a periodic review of the ratings of the Joint Stock Commercial Bank for Investment and 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 has been reviewed by Moody’s. The bank is pioneering in this regard, confirming its commitment to transparency as well as compliance with international standards.

For more information, please contact:

Bank for Investment and Development of Vietnam JSC (BIDV)

Financial Institutions Department

Tel: +8424.22205544; ext. 6837.

Hotline: 19009247

Website: www.bidv.com.vn