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

On January 25^th 2024, Global rating agency Moody’s has published the latest credit opinion 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 stable profitability and a very high profitability to receive support from the government in times of need. Funding and liquidity remain key strengths 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 Deposit - Local/Foreign currency:    Ba2
• Long and Foreign currency Long term Issuer Rating: Ba2
• Outlook: Stable

2024 marks the 19th consecutive year that BIDV is reviewed by Moody’s and BIDV 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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