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Moody’s has raised ACB’s credit outlook to Positive, reinforcing the bank’s position in Vietnam’s banking sector. Fitch Ratings has also maintained a Positive outlook in its latest update, citing ACB’s strong balance sheet, capital base, and risk management aligned with international standards.
Moody’s decision to revise the outlook to Positive is linked in part to updates to Vietnam’s sovereign credit outlook. The agency also kept ACB’s long-term deposit rating at Ba3 and its Bank Credit Assessment (BCA) at Ba3, reflecting continued strengths in asset quality, a diversified loan book, and solid funding and liquidity.
Moody’s noted that ACB’s credit rating could improve if Vietnam’s sovereign rating is upgraded by a notch. It also indicated that further strengthening of ACB’s capital and liquidity metrics could support a higher rating.
Fitch maintained a Positive outlook for ACB, pointing to a stable growth platform focused on high-quality retail clients. Fitch said this supports profitability and asset quality across economic cycles.
The agency also cited corporate governance and transparent disclosure as factors behind ACB maintaining one of the highest credit ratings among Vietnam’s private banks, both domestically and internationally.
At the end of Q1 2026, ACB reported pre-tax profit of VND 5,368 billion, up 17% year on year. The bank recorded ROE of 17.7% and a CAR of 12.6% under Basel III.
As of March 31, 2026, ACB’s total assets were about VND 1.03 quadrillion. Credit outstanding was around VND 711 trillion, up 3.2%. Total deposits were about VND 725 trillion, up nearly 1%.
Asset quality remained strong, with NPL below 1% and LLCR at about 114%. Liquidity metrics were also described as solid, with LDR under 85% and LCR and NSFR above 100%, exceeding Basel III requirements.
ACB said it will continue a prudent growth strategy and long-term investments despite market volatility. The bank plans to invest in technology, data, risk management, and international-standard operations, including a new five-year plan to become a “financial group that delivers personalized solutions to every customer through a seamless experience on an integrated platform, driven by technology, data, and artificial intelligence.”
The Positive outlook from Moody’s, together with Fitch’s Positive stance, is expected to improve ACB’s access to international funding and could help optimize funding costs. Both agencies’ actions also reflect governance quality, growth potential, and long-term sustainability, supporting market confidence as ACB pursues its next phase of development.
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