VGP – Standard Chartered Bank was selected as a credit ratings advisor for Việt Nam following a cooperation deal inked on Thursday in Hà Nội by the Vietnamese Ministry of Finance (MoF) and the bank’s chief executive in Việt Nam.
The bank will support the MoF in working with other credit ratings agencies like Moody’s, Standard & Poor’s và Fitch Ratings to improve the country’s sovereign ratings as Việt Nam is seeking ways to attract more foreign investment.
Specifically, the two sides would strengthen information sharing and reinforce the linkages between the Vietnamese Government and credit rating agencies to minimize misunderstanding.
The deal marks an initial important step to implement the Memorandum of Understanding between the MoF and the UK State for Foreign and Commonwealth Affairs on financial cooperation.
Mr. Luis Taylor said that we will assist the Vietnamese Government in its strategic initiative to engage actively the ratings agencies and, through them, the broader investor community.
By Kim Anh