•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Moody’s Ratings has upgraded MB’s long-term deposit rating and issuer rating from Ba3 to Ba2, aligning the bank with Vietnam’s country ceiling. The outlook remains “Stable.” Moody’s also kept MB’s Baseline Credit Assessment (BCA) at Ba3.
Moody’s said the upgrade was supported by profitability that remains at a high level relative to many banks of similar size, alongside a strengthening funding base.
Moody’s further assessed that the level of government support for MB has increased from “Medium” to “High,” reflecting the bank’s growing importance within the financial system. The ownership structure also remains a credit positive, with state-linked shareholders continuing to bolster MB’s profile. Moody’s noted that state-owned enterprise ownership was around 48% by the end of 2025.
Moody’s described MB as maintaining a prudent risk-management orientation and high safety indicators, alongside positive business results by end-Q1 2026.
Moody’s said the upgrade to Ba2 is expected to help solidify trust among customers, investors, and international partners. It also provides MB with stronger room to expand operations, enhance funding in international markets, and maintain a leading position among Vietnam’s efficiently operating banks.
Moody’s attributed MB’s growth momentum to a rapidly expanding customer base and a comprehensive digitalization strategy. The bank has served over 36 million customers, with substantial digital transactions, reinforcing its position among leading financial institutions in Vietnam’s digital transformation.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
