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VCSC Daily - Stocks eke out small gain; MBB hits record high - DXG, REE, VJC, HSG, VIC, CII, PVS, SKG

Market Commentary

28 Apr 2017

Moody’s lifts Vietnam’s ratings outlook to positive. Today (April 28), Moody’s affirmed Vietnam’s B1 rating and changed the outlook to positive from stable. The agency also raised Vietnam’s local currency bond and deposit ceilings to Baa3 (investment grade) from Ba1 (non-investment grade). The change was mainly driven by the following expectations: Strong FDI inflows will continue to support economic growth. Macroeconomic and external stability will be maintained.

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