Announcement of Periodic Evaluation: Moody’s pronounces completion of a periodic evaluate of rankings of Vietnam Maritime Industrial Joint Inventory BankGlobal Credit score Analysis – 31 Mar 2021Singapore, March 31, 2021 — Moody’s Buyers Service (“Moody’s”) has accomplished a periodic evaluate of the rankings of Vietnam Maritime Industrial Joint Inventory Financial institution and different rankings which are related to the identical analytical unit. The evaluate was carried out via a portfolio evaluate dialogue held on 22 March 2021 during which Moody’s reassessed the appropriateness of the rankings within the context of the related principal methodology(ies), current developments, and a comparability of the monetary and working profile to equally rated friends. The evaluate didn’t contain a score committee. Since 1 January 2019, Moody’s follow has been to subject a press launch following every periodic evaluate to announce its completion.This publication doesn’t announce a credit standing motion and isn’t a sign of whether or not or not a credit standing motion is probably going within the close to future. Credit score rankings and outlook/evaluate standing can’t be modified in a portfolio evaluate and therefore will not be impacted by this announcement. For any credit score rankings referenced on this publication, please see the rankings tab on the issuer/entity web page on www.moodys.com for essentially the most up to date credit standing motion data and score historical past.Key score issues are summarized beneath.Vietnam Maritime Industrial Joint Inventory Financial institution’s (MSB) long-term financial institution deposits and issuer rankings of B2 are one notch larger than its Baseline Credit score Evaluation (BCA) of b3 due to Moody’s assumption of a reasonable likelihood of assist from the Authorities of Vietnam (Ba3).MSB’s b3 BCA takes into issues the financial institution’s regular progress in resolving its legacy drawback belongings and bettering profitability from a low base. On the identical time, the financial institution’s loss-absorption buffers stay weak with low provisioning protection and modest core capital. MSB’s liquidity is excessive, supported by a big pool of liquid belongings, which mitigates the re-pricing dangers of its excessive degree of short-term borrowings in its market funds.This doc summarizes Moody’s view as of the publication date and won’t be up to date till the following periodic evaluate announcement, which is able to incorporate materials adjustments in credit score circumstances (if any) throughout the intervening interval.The principal methodology used for this evaluate was Banks Methodology printed in November 2019. Please see the Ranking Methodologies web page on www.moodys.com for a duplicate of this technique.This announcement applies solely to EU rated, UK rated, EU endorsed and UK endorsed rankings. Non EU rated, non UK rated, non EU endorsed and non UK endorsed rankings could also be referenced above to the extent obligatory, if they’re a part of the identical analytical unit.This publication doesn’t announce a credit standing motion. For any credit score rankings referenced on this publication, please see the rankings tab on the issuer/entity web page on www.moodys.com for essentially the most up to date credit standing motion data and score historical past. Joyce Ong Analyst Monetary Establishments Group Moody’s Buyers Service Singapore Pte. Ltd. 50 Raffles Place #23-06 Singapore Land Tower Singapore 48623 Singapore JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 Graeme Knowd MD – Banking Monetary Establishments Group JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 Releasing Workplace: Moody’s Buyers Service Singapore Pte. Ltd. 50 Raffles Place #23-06 Singapore Land Tower Singapore 48623 Singapore JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 © 2021 Moody’s Company, Moody’s Buyers Service, Inc., Moody’s Analytics, Inc. and/or their licensors and associates (collectively, “MOODY’S”). 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