Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings.
Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings. (Photo: cafef.vn)
Hanoi (VNA) – Moody’s Investors Services has recently affirmed SaiGon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreigncurrency deposit ratings.
The US credit rating agency rated B3 for the bank’s baseline credit assessment(BCA) and adjusted BCA, and announced the bank’s B1/NP local and foreigncurrency Counterparty Risk Ratings, and B1(cr)/NP(cr) Counterparty RiskAssessment.
Moody’s said the outlook on SHB’s long-term ratings is stable.
The ratings are one-notch uplift based onMoody’s assessment of a moderate probability of support from the VietnameseGovernment in times of need.
Meanwhile, SHB’s B3 BCA considers its weak asset quality, which is strained byits large stock of legacy problem assets, modest profitability as a result ofhigh credit costs and poor capitalisation.
The bank’s credit growth higher than the system’s average during 2014-2017,coupled with large exposure to cyclical sectors like agriculture, constructionand real estate posed further downside risks to its asset quality.
As of the end of 2018, SHB’s problem loan ratio was stable from a year earlierat 7.8 percent. In Vietnam, Moody's defines problemloans as loans under categories 2-5 of Vietnamese accounting standards, andgross bonds issued by the Vietnam Asset Management Company (VAMC).
SHB's return on tangible assets improved mildly to 0.59 percent in 2018 from0.54 percent in 2017. Total revenue improved in line with loan growth andmargin expansion, although the improvement was offset by high operating andcredit costs.
Moody's expects SHB's profitability to hover at current levels as the bankcontinues to make provisions against its large stock of problem assets.-VNA
The Saigon Hanoi Commercial Joint Stock Bank (SHB) has been selected by the World Confederation of Business (Worldcob) as the only representative in Vietnam to receive the Bizz – Business Excellence Award 2018.
The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honoured by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam.
The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has a plan to increase its charter capital by over 5.53 trillion VND (237.48 million USD) to more than 17.57 trillion VND (754.5 million USD) via public offering of shares and paying dividends in the form of additional stocks.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings.
