Moody’s Investors Service has reaffirmed Vietcombank’s long-term credit rating at Ba2 with a stable outlook, according to an announcement on October 10, 2025. This rating is the highest among Vietnamese banks and matches Vietnam’s sovereign rating.
In its updated credit opinion, Moody’s noted several strengths of Vietcombank, including robust asset quality, high loan loss coverage, and limited exposure to sectors sensitive to economic cycles. The agency also cited above-average profitability compared to peers, attributed in part to low deposit costs resulting from the bank’s strong funding franchise and ongoing efforts in digital banking development.
The affirmation maintains key aspects announced earlier in March 2025: a long-term issuer rating of Ba2, long-term bank deposits at Ba2, a baseline credit assessment (BCA) of ba3, and a stable outlook.
Moody’s is one of three major global credit rating agencies. The current assessment reflects what Moody’s describes as “recognition of Vietcombank’s solid business performance as well as confidence in Vietcombank’s stable development prospects in the coming time.”
Vietcombank stated its continued commitment “to working closely with regulatory authorities to enhance the nation’s credibility and sovereign credit rating through transparent, timely information disclosure and adherence to international standards.” The bank also emphasized that fulfilling shareholder and partner expectations remains central to its sustainable development strategy while maintaining stability and efficiency.
Additionally, Vietcombank plans to continue sharing information with investors and cooperating with credit rating agencies. According to the bank: “Vietcombank will continue to proactively share information and strengthen dialogue with investors, as well as cooperate closely with credit rating agencies to provide an objective and comprehensive view of its future growth prospects—thereby reaffirming Vietcombank’s pioneering role within Vietnam’s financial and banking system.”
