US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Moody’s Investors Service has assigned a (P)B1 long-term foreign currency senior unsecured rating to Vietnam Prosperity JSB (VPBank)’s $1 billion medium term note (MTN) program.
The (P)B1 rating on the senior unsecured MTN program is in line with VPBank’s B1 long-term foreign currency issuer rating. The B1 issuer rating reflects the bank’s b1 baseline credit assessment (BCA) and Moody’s expectation of a moderate probability of support from the Vietnamese government (Ba3 stable) when needed.
VPBank’s b1 BCA reflects its strong profitability, underpinned by its leading market share in the high-margin consumer finance business, as well as its good capitalisation. The BCA also considers the credit risks associated with its consumer finance portfolio, and its lower problem loan coverage when compared to domestic and global peers.
The MTN program allows VPBank to issue senior notes in line with the maturities, currencies, interest rates and redemption structures specified in the applicable pricing supplement. Notes issued under the program constitute direct, unconditional, unsubordinated, and unsecured obligations of VPBank, and will rank pari passu among themselves and equally with all of VPBank’s other unsecured and unsubordinated obligations.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.