Moody's holds positive outlook for Vietnamese economy

Moody’s rates Vietnam at B1 - meaning stable growth. However, Vietnam's banks have relatively low ratings when compared with their global counterparts, reflecting weak capital levels and insufficient provisioning for problem legacy assets. “Funding and liquidity will also be stable in the Vietnamese banking system,” says the rating agency. Deposit growth has been strong, reducing banks' reliance on market-sensitive funding sources, such as interbank borrowings.