Moody’s has upgraded the baseline credit assessment (BCA) of BIDV to b2 from b3. BIDV's long-term local and foreign-currency deposit and long-term issuer ratings was affirmed, outlook stable. Details are as follows:

• Long term Bank Deposits – Local/Foreign currency:  Ba3/B1
• Local and Foreign currency Long term Issuer Rating: Ba3
• Baseline credit assessment:                                         b2

In Moody’s opinion, the upgrade of BIDV’s BCA reflects (i) Moody’s expectation that the good economic growth evident in Vietnam will support the asset quality and profitability of BIDV; (ii) Improvements in asset quality. Funding and liquidity for the bank are stable.

As of 30 June, BIDV’s total assets reached VND1,268 quadrillion, maintaining the leader position among Vietnamese banks. The Bank has developed an extensive network, covering 63 provinces and cities nationwide, of 190 domestic branches, 01 foreign branch and 854 transaction offices as at 30 June 2018. BIDV has made considerable progress on the retail sector and also pursued FinTech to drive digital banking for efficiency and profitability improvements.

2018 marks the 13^th consecutive year that BIDV is reviewed by Moody’s and BIDV also is the pioneer in this field. This confirms BIDV’s commitment to financial transparency as well as compliance with international standards.

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