Fitch: Vietnamese banks' rating outlook "Stable"

The major Vietnamese banks' ratings, already among the lowest in Asia, reflect difficult operating conditions and other structural issues typically found in low-income emerging markets. This, together with the sovereign's Stable Outlook, underpins the Stable Outlooks on the banks' ratings for now. Downside rating risks could arise if the operating environment becomes even more challenging than expected at this stage and significantly threatens banks'solvency, and/or due to negative rating action on the sovereign.

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