BIDV's long-term deposit and long-term issuer ratings were affirmed at the highest ratings among Vietnamese banks.

BIDV's long-term deposit and long-term issuer ratings were affirmed at the highest ratings among Vietnamese banks.

Recently the global rating agency Moody’s has completed rating review 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 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.

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 and BIDV also is the pioneer in this field. This confirms BIDV’s commitment to transparency as well as compliance with international standards.

For more information, please visit:

Moody’s Website: http://www.moodys.com

BIDV Hotline 19009247 or Financial Institutions Department  +84 24 22205544 (ext:6837)