Moody’s noted that the BCA upgrade reflects Vietcombank’s consistently strong asset quality, solid core capital, and exceptional funding profile. Vietcombank was expected to continue on maintaining robust profitability, supported by low credit costs and strong access to low-cost funding. Funding remains a key credit strength, supported by the Bank’s sizable transactional deposit franchise and its position as a large state-owned commercial bank, which further reinforces the stability of its deposit base. In terms of asset quality, Vietcombank continues to maintain a low and consistent non-performing loan (NPL) ratio, as well as the highest NPL coverage ratio among banks rated by Moody’s in Vietnam.

Moody’s forecasts Vietcombank’s liquidity and funding measures to remain stable over 2026-2027 period. While potential risks stemming from U.S. trade-related uncertainties may exert pressure on asset quality, Moody’s continues to expect that new provisioning will be manageable, thanks to Vietcombank’s stringent credit underwriting standards and its strategy to expand the sustainable loan portfolio.

Vietcombank’s upgrade in its standalone financial strength assessment and long-term counterparty risk evaluation is an important recognition by independent credit rating agencies of the Bank’s solid financial capacity, strong asset quality, and effective risk management. This outcome not only reinforces Vietcombank’s position within Vietnam’s banking and financial system, but also helps strengthen confidence among investors, partners, and customers both domestically and internationally. Building on this foundation, Vietcombank remains committed to its sustainable development strategy, accelerating alignment with international best practices, enhancing service quality and competitiveness, and moving toward its role as a leading bank in promoting sustainable growth and providing effective support to the broader economy.

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