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Fitch affirms Vietnam’s rating at 'BB' with positive outlook

The affirmation of Vietnam's long-term foreign-currency issuer default rating reflects the country’s continued strong medium-term growth prospects, despite the Covid-19 pandemic and the global economic spillovers, and strong external finance metrics relative to peers.

HDBank gained hefty profit of US$100 million before listing on bourse

According to HDBank’s listing prospectus, its total outstanding loans reached VND101,410 billion (roughly US$4.5 billion) and pre-tax profit was VND2,260 billion (roughly US$99.71 million) in the first 11 months of 2017.

Leaders of banks are not allowed to chair other businesses

According to the National Assembly’s Economic Committee, many bank chairpersons are also leading other corporations, posing detrimental impacts on the operation and security of the banking system.

Stock indexes
1,198.9 1.3 0.11
Volume: 534,064,508 Value: 11,418 (Billions VNĐ)
278.91 1.23 0.44
Volume: 75,663,517 Value: 1,306 (Billions VNĐ)
88.18 -0.4 -0.45
Volume: 69,688,221 Value: 952 (Billions VNĐ)
1,252.24 3.32 0.27
Volume: 118,891,000 Value: 3,781 (Billions VNĐ)