RELEASED DATE 13 Sep 2022
The rating action follows Moody's upgrade of Vietnam’s sovereign rating to Ba2 from Ba3. The upgrade in BIDV's ratings reflects the stronger ability of the government to provide support to BIDV in times of stress.
2022 marks the 17th 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.