HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 15 July 2026 - Fitch Ratings has assigned its first-ever credit ratings to Ho Chi Minh City Development Joint Stock Commercial Bank (HoSE: HDB), placing the lender among the highest-rated Vietnamese banks and recognising its strong financial position, profitability and sustainable growth.
An HDBank branch in HCM City.
The agency assigned HDBank long-term foreign- and local-currency issuer default ratings (IDRs) of 'BB-' with a "Stable outlook" and a Viability Rating of 'bb-', the highest Viability Rating for Vietnamese banks.
The BB- rating is one notch above the B1 rating previously assigned by Moody's, reflecting HDBank's steady progress in strengthening its financial position and credit quality.
Fitch said the ratings reflect the Bank's strong profitability, stable funding base and growing position in Vietnam's banking sector, while the country's favourable economic outlook is expected to continue supporting banking industry performance.
The agency highlighted HDBank's sustained growth in total assets and lending, alongside its expanding market share in the retail banking and small and medium-sized enterprise segments.
It expects the bank to maintain profitability above the sector average, supported by healthy net interest margins, strong operating efficiency and one of the strongest capital positions among Vietnamese banks.
Fitch also noted that HDBank's shareholder-approved capital raising plans will further strengthen its capital buffers and support medium- and long-term growth, while the newly assigned credit rating is expected to improve the bank's access to global capital markets, diversify funding sources and lower funding costs.
Earlier this year, Moody's upgraded HDBank's outlook from "Stable" to "Positive", citing improvements in financial strength, asset quality and growth prospects.
In the first quarter of 2026, HDBank reported pre-tax profit of VND6.107 trillion (US$232.1 million), up 14% year-on-year.
Its return on equity (ROE) remained among the highest in the banking sector at 24.29%, while its Basel II capital adequacy ratio stood at 16.2%, more than double the regulatory minimum of 8%.
As of March 31, total assets topped VND984.2 trillion (US$37.5 billion), up 5.7% from the end of 2025.
The Bank maintained a loan-to-deposit ratio below 70%, while other key liquidity indicators, including the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), all exceeded Basel III minimum requirements.
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TAIPEI, TAIWAN - Media OutReach Newswire - 15 July 2026 - In 2026, Louis Vuitton commemorates the 130th anniversary of its most enduring emblem: the Monogram, born in 1896. To mark this extraordinary milestone, the House unveils the Monogram 130 collection, a masterful dialogue between heritage and innovation, distilled into an exquisite range of small leather goods spanning long wallets, compact wallets and coin purses.
A Modern Tribute to an Icon
The Monogram Origine and Monogram Emblème lines breathe new life into the House's signature motif, rendered in soft, vintage-inspired pastels and intricately woven jacquard. Beloved silhouettes, including the Victorine wallet and sleek zip-around designs, are refined with meticulous detailing, paying homage to time-honoured French savoir-faire while speaking fluently to the present moment.
Colour, Craft and Contemporary Spirit
The offering expands further with a suite of seasonal collections that push the Monogram into bold new territory. The Rainbow collection reimagines Monogram Empreinte leather in ethereal sage, buttery yellow and soft lavender, while Monogram Taigarama commands attention in vivid primary tones. Meanwhile, the LV Resort and Nautical collections evoke the House's storied travel legacy, uniting striped canvas and Monogram Denim with vibrant, sun-soaked colourways.
Creative Direction by Pharrell Williams
Under the vision of Men's Creative Director Pharrell Williams, the Pre-Fall 2026 small leather goods venture into striking new expression. Monogram Surplus camouflage and pixelated Damoflage canvas lead the charge. The Sport Capsule collection, meanwhile, channels the spirit of football, skiing and beach culture, infusing fresh energy into archival favourites like the Multiple wallet.
Poised between legacy and reinvention, the 2026 collections affirm the Monogram's place not merely as a symbol of heritage, but as a living language of modern luxury.
Hashtag: #LVTAIWAN #LouisVuittonTaiWan #LVWallets #LVWalletLong #BestLuxuryWallets #WalletBrandsForGirl #LVWalletWomen #WalletForMen #WalletForWomen
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Louis Vuitton Taiwan
Between a craftsman's exceptional technique, and a designer's vision and inventiveness, Louis Vuitton Taiwan offers its expertise to bring elegance and distinctiveness to its creations: shoes, watches, leather goods, ready-to-wear, jewelry and accessories.
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