$27 bln fraud case shows issues, but no new risks to Vietnam's banking system: Fitch
A massive fraud case involving a missing $27 billion related to Saigon Commercial Bank (SCB) with links to real estate tycoon Truong My Lan has exposed financial supervisory shortcomings in Vietnam, Fitch Ratings said in a note earlier this week.
Banking - Thu, May 9, 2024 | 10:27 pm
Thai banks eye expansion in Southeast Asia
Thailand's large banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, given the growth potential of ASEAN economies, according to Fitch Ratings.
Southeast Asia - Tue, April 16, 2024 | 9:28 pm
Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions
Foreign organizations have expressed a positive outlook about Vietnam’s GDP growth next year on the basis that the country’s economic growth is likely to surpass 5% this year as forecast by Party General Secretary Nguyen Phu Trong.
A year in review and 2024 forecasts - Fri, December 29, 2023 | 7:00 am
Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ
Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.
Banking - Fri, December 15, 2023 | 9:44 am
Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of state-owned oil-gas group Petrovietnam, state utility Vietnam Electricity (EVN), and subsidiaries of the two power giants to “BB+” with a “Stable” outlook.
Companies - Thu, December 14, 2023 | 10:38 am
Fitch upgrades Vietnam rating to 'BB+'; outlook stable
Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB+”, from “BB”, with stable outlook.
Economy - Sat, December 9, 2023 | 8:08 am
Mong Duong’s note ratings unaffected by ownership change in near term: Fitch
AES Corporation's agreement to sell its 51% stake in AES Mong Duong Power Company Limited and Mong Duong Finance Holdings B.V. to Sev.en Global Investments Pty Ltd will not materially alter Fitch Ratings’ credit view of the senior secured notes issued by Mong Duong Finance in the near term.
Companies - Tue, December 5, 2023 | 11:23 pm
Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch
Vietnamese banks are set to enjoy a favorable business environment over the next few years in tandem with a strengthening economy, a Fitch Ratings report says.
Banking - Fri, December 1, 2023 | 4:48 pm
Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024
Vietnam’s economy is predicted to grow 6.3% in 2024 and 7% in 2025 thanks to support from domestic fiscal and monetary policies, following a slowdown in 2023, Fitch Ratings has said.
Economy - Sat, November 11, 2023 | 10:36 am
Fitch affirms Standard Chartered Vietnam 'BB' rating, outlook positive
Fitch Ratings has affirmed Standard Chartered Bank Vietnam a long-term foreign currency issuer default rating (IDR) at 'BB' and its long-term local currency IDR at 'BBB-' while the outlook is positive.
Banking - Tue, November 7, 2023 | 6:05 pm
Fitch affirms HSBC Vietnam ‘BB’ rating, outlook positive
Fitch Ratings has assigned HSBC Vietnam a long-term foreign-currency issuer default rating (IDR) of “BB” and its long-term local-currency IDR of “BBB-“ while the outlook is positive, Fitch Ratings said Monday.
Banking - Mon, November 6, 2023 | 4:29 pm
Vietnam EV market set to grow 26% per year in coming decade
Vietnam’s electric vehicle (EV) market can see an annual sales growth of almost 26% to reach around 64,500 units in 2032, according to BMI, a Fitch Solutions company.
Industries - Mon, August 7, 2023 | 5:04 pm
Property sector risks to Vietnam’s sovereign credit reduced: Fitch Ratings
Uncertainty has eased over the possible fallout for Vietnam’s sovereign credit from real estate sector stresses, Fitch Ratings said Tuesday.
Real Estate - Thu, July 20, 2023 | 9:27 am
Fitch affirms Vietnam at 'BB', outlook positive
Fitch Ratings on Wednesday affirmed Vietnam's long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook, reflecting the country’s favorable medium-term growth outlook, strong external liquidity, and lower government debt compared with the peer median.
Economy - Wed, May 31, 2023 | 4:40 pm
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
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- Editor’s Picks
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
