Moody's give banking sector positive review

by VTV402 November 2017 Last updated at 07:56 AM

VTV.vn - Moody's Investors Service has changed its outlook for Vietnam's banking system from stable to positive for the next 12-18 months, reflecting the country's strong economic prospects.

Robust economic growth, based on ongoing improvements to infrastructure, favourable demographics, and the government's continued focus on reform to support foreign direct investments were all cited for the improved rating. However, Moody's warned that high credit costs might affect the banking sector.

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