Ratings at a glance How creditworthy are which countries?

Status: 15.06.2021 01:05 p.m. Credit ratings from the major US rating agencies help determine the interest rates at which a state can borrow money. How do Moody’s, Fitch and Standard & Poor’s rate the creditworthiness of the countries in the eurozone and other countries? Who gets the top grade, the “Triple-A”? An overview of the current credit ratings from Belgium to Cyprus.

Source: rating agencies / as of June 15, 2021

Source: rating agencies / as of June 15, 2021

background 07/14/2011

“By this time, I am very tired, very tired. If this situation lasts for a few more months, I don’t know if I can stand it.” That is the situation of Mr. Le Duong Minh (SN 1980, owner of Huy Hoang cruise ship, Ha Long city, Quang Ninh province) when sharing with PV VTC News about the miserable and exhausted situation of businesses and ship owners. Ha Long tourism after many outbreaks of COVID-19 disease, causing the tourism industry here to be temporarily “closed”. Looking at the man with a wrinkled shirt, a hard face, messy hair, deep eyes, no one would have thought that this was once a famous ship owner in Ha Long just nearly 2 years ago. Lazily, Anh Minh said, this whole year, his mind is always heavy, burdened with worries and doesn’t know how to remove it. In one day, he had to sink into thought for a few hours, almost shocked and really pressured by having to take care of the expenses but the revenue was not available, the epidemic kept coming from time to time. “I’m very exhausted and almost exhausted right now,” Minh said choked. 3 cruise ships of Mr. Le Duong Minh’s family are now moored, lying dormant at the international passenger port of Ha Long without knowing when they will return to operation. Sell ​​clean to pay bank interest Mr. Le Duong Minh said, more than 20 years ago, he moved from his hometown in An Lao district (Hai Phong) to Quang Ninh to find a job, started washing dishes, carrying calves, and then fell in love with a career as a tourist service for tourists. Cruise ship owner in Ha Long. More than 10 years ago, he and his relatives contributed capital to buy cruise ships to run their own business. From the time of contributing half of the ship to a ship, so far, Minh’s family has had 3 cruise ships, including 1 wooden ship and 2 newly built steel hull ships. How much profit has accumulated so far, Minh’s family uses to reinvest in new steel hull ships. According to Mr. Minh, each new steel hull ship is about 7 billion VND, he has to borrow up to 5 billion VND. In early 2020, his family built 2 new ships, so he had to borrow 10 billion from the bank. Since then, every month Mr. Minh has to pay 100 million VND. However, before carrying any passengers, the COVID-19 epidemic suddenly appeared and continued to break out from time to time. Until now, we have been traveling, we never thought that the epidemic would last forever and be so terrible. Mr. Le Duong Minh – Ha Long cruise ship owner “Since the day of the epidemic, I have to borrow money to fight. I expect that if there is no epidemic, 3 normal ships will also earn about 150 million per month, enough to pay bank interest and also have a savings. If you don’t work now, you won’t get anything to make up for that profit. Until now, we have been traveling, we never thought that the epidemic would last forever and be so terrible. In the past, there was a SARS epidemic, it only lasted 3-4 months, and businesses stopped operating for a short time, then revived and developed steadily. But this epidemic lasted from the beginning of 2020 until now, we are out of breath.” Minh said sadly. From the beginning of 2022 until now, Minh’s monthly revenue is just zero. Meanwhile, bank interest is still payable, principal is not yet payable. In addition, they still have to pay money to hire workers to look after, maintain, operate the machine, electricity, water … “Now that I have no income, I have to borrow money. I borrowed from relatives, brothers, even sold something to get money to pay bank interest and expenses. If the epidemic is under control in 1-2 months, I will still have the opportunity to run a full-time train to earn a living and pay salaries to employees, raise my wife and children, otherwise I don’t know how.” Minh said. Running out of resources to borrow, ship owners exhausted, employees losing their jobs Sad when it comes to financial resources, Mr. Minh said that because he had no income, he had long been in a new situation of taking out a new loan to pay the old interest, leading to debt stacking, interest on top of interest, even having to borrow high interest rates. to pay low interest. “A lot of expenses, bro! Every month, you also have to borrow up to 60 million to pay interest, but from February 2020 until now, you know how much it is. In addition, each month has to maintain 1 employee for each ship, to pay salaries and meals for them has already lost 8 million, plus maintenance, operation and maintenance costs … Every 5-6 months, the ships have to be put on board for maintenance, scrubbing, repainting the hull… twice a year, costing 100 million. So, my family has 3 ships and it takes another 300 million. Due to having to borrow money from a shipbuilding bank, ship owners have to buy insurance for the loan, and each year they have to spend about 25 million money to buy insurance. If the epidemic continues from this year to next year without stopping, I really don’t have the strength to reinvest anymore.” Minh is sad. Next to Tuan Chau international passenger ship port, hundreds of cruise ships are lying motionless. Also since the COVID-19 epidemic raged, most of the employees who used to work for the ship had to find jobs by themselves to maintain their lives. Some people go to help build, others go to the market to trade errands to get through the day. “The big owner ‘died’ big, the small owner ‘died’ small. Just like myself, 3 supporting ships from last year to now, the damage is also about 2 billion. Sometimes the wife and children do not dare to eat, do not dare to wear, just worry about money for the staff to eat, look after and maintain the ships waiting for them to return to operation.” Minh said. The ships that sleep at night with tens of billions are also lying in the lock on the side of Ha Long Bay. According to Mr. Minh, if the situation of the COVID-19 epidemic continues like this, his family will only last 3-4 months. If the bank pressed too hard at that time, his family would borrow money from one place to another. “Unfortunately, I have already borrowed a lot, so there may not be another place to borrow. Maybe you have to accept the risk, borrow more high interest outside to support. Because no one buys ships now, people buy them to carry tourists, not buy them to park. Cruise ships are now almost frozen and no longer trading.” Minh commented. Now, no one buys ships even if they sell them, people buy them to carry tourists, not buy them to park. Mr. Le Duong Minh – Ha Long cruise ship owner Minh said that he, like most other ship owners, wants the bank to accompany businesses and cruise ship business households to have a debt freeze and debt extension policy, so that ship owners and businesses can strength to endure and when tourism is restored, they will repay the bank. Up to this point, according to Mr. Minh, many ship owners not only pledge assets such as houses and cars, but also have to sell them to have money to continue. “Nearly 100% of ship owners have bank loans, if this time “collapses” is to collapse, there will be a series of ship owners facing bad debts, debt squeeze… policy support from the bank and the State” , Minh predicted.

When they love each other, even though they live in two places, they always have fun conversations about what they want to do in the future. Especially both love nature, want to do something on the countryside land. The couple came together from a love of gardening. “I started to get inspired about gardening, growing plants, producing food after going to the farmers market in the city every week,” Lauren shared. She then learned about the benefits of growing her own plants, cooking broths from fresh produce, and baking. After marrying Tyler, the two together continued to study nutrition and transmit useful gardening information to many people. Returning to the town is not as vibrant as in the city, the couple feels like they are enjoying the life that is exactly what they both wanted for a long time. Tyler shared that the two chose to live on the east coast of Australia, with more than 4 hectares of land for farming. In addition to planting trees, the couple is also interested in improving the natural ecosystem, avoiding harm or killing beneficial insects. One of the natural ways to prevent plant pests is to keep ducks and chickens around the garden. In addition, they also raise a few sheep. The couple said: “We live in the tropics so high temperatures, strong winds, drought, some other natural disasters are challenges with gardening. But we believe that whatever you plant, If you put your heart and effort into nurturing them, they will pay off, so happy to see them grow day by day.” Lauren and Tyler not only grow crops to provide food for their families, but also store seeds to share with many people, inspiring those who love to create clean food for their families with their own hands and aim for a better life. sustainable living. “We’re not inheriting land from our ancestors, we’re borrowing land from future generations,” says Lauren. “This reminds us not to focus entirely on immediate needs, but instead take responsibility. responsibility, a sense of how current actions will affect the world our children live in. I hope everyone has positive thoughts and intentional actions to live a life of purpose and connection with together”. Hoang Dung ( translation summary)

Leaflets posting information on unsecured loan support in fake form, taking advantage of EVN’s image, logo and name. (Photo: provided by EVN) According to EVN, over the past time, there have been a number of units and individuals that forged information, advertised and distributed leaflets with the EVN logo and brand name without the consent or permission of EVN in many other activities. together. This is a violation of the law, with signs of fraud. Not only EVN, recently, many banks also have to deny the forms of borrowing famous brands to scam loans through leaflets and social networks. Subjects of information claiming to be employees of banks, financial companies or enterprises with large brands. Therefore, people should not provide personal information, identity card numbers or identity cards … to strangers in any way. The bad guys even use the form of impersonating bank messages to trick customers into clicking on links in messages, thereby stealing information of electronic banking services and appropriating money in customers’ accounts ” . Accordingly, banks warn customers absolutely not to access links, links in strange or unknown email messages / emails.

Vietnam Electricity warned of fraud Vietnam Electricity is a State-owned enterprise operating in the electricity sector that always fully and seriously complies with the provisions of the law. On April 23, 2021, Vietnam Electricity announced: In recent times, in Ho Chi Minh City and some southern provinces and cities appeared leaflets to publish information. support unsecured loans in fake form and take advantage of the image, logo and name of Vietnam Electricity. Vietnam Electricity confirmed that it does not have any unsecured lending activities as the above leaflet content. Vietnam Electricity does not have any affiliated units or affiliated enterprises of Vietnam Electricity named “Vietnam Electricity Bank”. Vietnam Electricity is a State-owned enterprise operating in the electricity sector that always fully and seriously complies with the provisions of the law. In recent years, there have been a number of units and individuals forging information, advertising and distributing leaflets with the logo and brand name of Vietnam Electricity without obtaining approval and permission from Electricity of Vietnam. Vietnamese forces in many different activities. This is a violation of the law, with signs of fraud. Electricity of Vietnam Corporation respectfully requests the press and news agencies to promptly inform the people to prevent and raise their vigilance, not to let the bad guys take advantage of them. Previously, Vietnam Electricity also warned about fraudulent advertisements of “energy saving devices”, “smart energy saving cards” … Technical experts have warned about the types of “super power-saving devices” advertised on the Internet that can reduce electricity consumption by 30-40% with the simple operation of plugging into any power outlet. in the home, and recently appeared more ads on social networks about the so-called “Smart Energy Saving Card”. Reality shows that it is completely impossible to reduce power consumption as advertised. This is just a trick to deceive customers, and hit on the psychology of consumers to want to save spending. If there is a type of equipment that directly interferes with the operation of the meter, causing the electric meter to slow down, it also means that the user of this equipment is committing acts of violation of electricity use, will be collection of electricity bill, even may be criminally dealt with in accordance with the law.

New version Vios was launched at the end of February 2021 towards a youthful design and upgraded many safety features and amenities. Vios 2021 still inherits the available advantages such as the most spacious space in the segment, flat floor, rear seats with armrests, 3-point seat belt for the middle seat, outstanding safety system with 7 bags. The first and only gas segment. Vios air conditioner has the ability to cool quickly and deeply, because Toyota has carefully researched the characteristics of the tropical climate like Vietnam. In addition, Vios users are supported by high-quality after-sales service at 72 agents and branches spread across 35 provinces and cities nationwide. Customers can easily find reputable maintenance and repair places, access to available and cheap spare parts, and this is also a model with high economic value that has been proven over the years. Since its first appearance in 2003, Vios has been regularly the best-selling model and holds a record in the Vietnamese market with cumulative sales of more than 180,000 units.

Spanish media reported that MU is in contact with Barcelona about midfielder Miralem Pjanic’s transfer. MU plans to rescue Pjanic According to Fichajes, the idea of ​​taking Pjanic was proposed by coach Ole Gunnar Solskjaer to MU BLD. Pjanic is going through a difficult season at Barca, when he is out of the plan of coach Ronald Koeman. Barca confirmed that he wanted to liquidate Pjanic, in the process of refreshing the squad towards the 2021-22 season. Pjanic is 31 years old, but Solskjaer believes that the Serbian midfielder still brings important solutions to the midfield MU. Milan asked to borrow Trincao Milan continues its policy of recruiting young players on loan (with or without buyback terms), with new goals for Francisco Trincao. Milan asked to borrow Trincao Currently, Milan is still in transition, and the loan of players is very important in the face of the difficult financial situation. Trincao was bought by Barca last year but did not have many opportunities to play. He has only played 609 minutes of La Liga this season. Milan chose Trincao to replace Brahim Diaz – who ran out of loan and returned to Real Madrid at the end of the season. Two other Italian teams are also in contact to borrow Trincao, Juventus and Atalanta. Liverpool recruits Watkins Liverpool prepares for a new project by recruiting Ollie Watkins – Aston Villa’s rising striker. Ollie Watkins is a target for Liverpool The dependence on Salah – Roberto Firmino – Mane makes Liverpool pay a heavy price, failing on all fronts this season. Liverpool needs to create competition on attack, and Jurgen Klopp appreciates Watkins’ dynamism. The 25-year-old English striker scored 12 goals in the Premier League this season. He stands out with a very wide range of movements. Liverpool decided to sell off Takumi Minamino (loaned to Southampton), Xherdan Shaqiri and Divock Origi to make room for Watkins.

At the General Meeting of Shareholders in 2021, the leader of VietinBank said, continuing to solve difficulties for businesses affected by natural disasters, epidemic COVID-19.

The results are positive

Information from the State Bank showed that: The credit flow is mainly focusing on production areas, priority areas, for example credit growth in agriculture, forestry and fisheries reached 2.42%; industry 3.04% … Credit in securities in the first quarter of 2021 reached VND 45,300 billion, down 1% compared to the end of 2020; credit in real estate reached 1.85 million billion, up 3%.

Credit growth is also evident in the business results of some banks. At the 2021 Annual General Meeting of Shareholders (AGM) of VietinBank that took place on the morning of April 16, Mr. Le Duc Tho – Member of the Party Central Committee, Chairman of VietinBank’s Board of Directors said: Quarter I / 2021, the safety and operational efficiency indicators of VietinBank are much better than the same period last year, of which the main operating income categories all grew by over 25% over the same period last year. 2020, operating costs will be managed effectively, cost-to-income (CIR) ratio will be maintained at a reasonable level; Asset quality is well managed, NPL ratio is managed below 1%.

With credit growth in the first quarter of 2021 reaching 3.69%, Vietcombank continued to lead the credit growth system. Vietcombank is assigned a credit growth limit of 10.5% in 2021. According to Mr. Nghiem Xuan Thanh, Member of the Central Committee of the Party, Chairman of the Board of Directors (BOM) of Vietcombank, the State Bank assigns a high credit target to Vietcombank based on many factors: ability to increase credit; capital is mainly poured into priority areas; low bad debt; Loan to deposit ratio (LDR) of the bank is only 71% while most other banks are over 90%. “With the result of credit increase in the first quarter of 2021, if the State Bank adjusts its growth target, Vietcombank can increase credit by 14% in this year 2021”, said Mr. Nghiem Xuan Thanh.

Representatives of LienVietPost on the morning of April 16 said: In the first quarter of 2021, Lien Viet Post Bank (stock code LPB) had a pre-tax profit of 1.112 billion dong, nearly doubling the same period last year. By the end of March 31, 2021, LienVietPostBank’s total assets reached more than 245,200 billion, an increase of over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly 206,300 billion VND. Market 1 outstanding loans reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of 2020. Notably, the proportion of retail growth in credit growth in the first quarter of 2021 was more than 80%, shows the bank’s consistent orientation towards the retail segment.

On the HoSE stock exchange, stock LPB was in the group of stocks with the highest market price growth in the first quarter of 2021, up nearly 40%, from 12,400 VND / share in the trading session on December 31. / 2020 to 17,350 VND / share in the session on 31/03/2021. And currently reaching the price of nearly 19,000 VND / share. According to the plan on April 29, LienVietPostBank will hold an annual shareholder meeting, it is expected that this year, the bank will set a pre-tax profit target of 3,200 billion dong. Thus, with the results of the first quarter of 2021 reaching VND 1,112 billion, LienVietPostBank has completed about 35% of the profit target in this year’s business plan.

“The COVID-19 epidemic that broke out in some localities across the country continued to negatively impact production and business, especially the accommodation, catering, transportation and tourism industries; the consumption of agricultural products in some localities in epidemic areas has many difficulties …, affecting production and business, revenue and cash flow to repay debts of customers, thereby affecting bank credit activities ” , Mr. Nguyen Tuan Anh, Director of Credit Department for Economic Sectors (SBV).

In the difficult context of the economy, credit institutions (CIs) have implemented solutions to support people and businesses to overcome difficulties caused by the COVID-19 epidemic, by the end of March. / 2021 has restructured the repayment term for nearly 263 thousand customers with outstanding loans of more than VND 353 trillion; interest rate exemption, reduction and reduction for more than 660 thousand customers with outstanding debt balance of over VND 1.27 million. In particular, credit institutions have provided new loans with lower interest rates than before, with accumulated sales from January 23, 2020 up to now reaching over VND 3 million billion to over 452 thousand customers.

Maintain growth, support businesses

According to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, positive information on the first quarter business index of the banking system is the basis for forecasting credit growth this year will reach about 12%. This number will also be adjusted to suit the actual situation.

According to Dr. Vo Tri Thanh, a member of the National Financial and Monetary Policy Advisory Council, said that at present, the State Bank still operates a credit policy based on the total credit growth, but is flexible in the face of developments. try to both contribute to the economic recovery process but also have to be skillful so as not to cause “break-up” in the macro. “The credit growth rate in recent years has been slower, but the growth rate is not low compared to the previous years. The scale of credit balance / GDP is getting bigger and bigger (currently about 140%), so it is reasonable for the credit control to increase at 12% in 2021. If the economy recovers well, the credit for the whole economy can increase by 11-13% this year and is expected to grow stronger from the second quarter, “said Dr. Can Van Luc, economist. BIDV’s chief forecasted.

“VietinBank continues to proactively implement solutions to balance capital effectively, reduce capital costs to create resources to continue strongly implementing preferential policies, reducing lending interest rates and service fees, maintain the level of lending interest rates and service fees at the lowest and most reasonable level, support and accompany people and businesses affected by the COVID-19 epidemic, ”said Mr. Le Duc Tho.

Outstanding loans of VietinBank in 2021 are expected to grow by 7.5%, complying with the credit limit approved by the State Bank; capital mobilized from economic entities and individuals grew by 8-12%, adjusted in accordance with credit growth, and ensured prudential ratios as prescribed by the State Bank of Vietnam. NPL / credit balance is controlled below 1.5%.

From now to the end of the year, VietinBank continues to grow strongly in business activities, accompanied by dramatic improvements in quality and efficiency; implementing appropriate credit growth solutions while balancing effective capital sources; improving the quality of risk management, quality of growth, effectiveness and efficiency of internal control inspection; accelerating debt collection, handling risks, bad debts, improving asset quality. “Continuing to implement solutions to help remove difficulties for customers affected by natural disasters and epidemics, especially the COVID-19 epidemic under the direction of the Government and the State Bank of Vietnam,” said Mr. Le Duc Tho. .

The aforementioned actions make some viewers feel like they are watching a gay movie. This leads to uncommon problems in society and affects the development of sexual orientation of young audiences.

Truong Khai Thai

Tran Dang Duoc

After knowing the existence of the above information, the film’s official account premieres Please stop the radio station has updated a controversial post: “Pulled us out to blame us for the movies that are adapted from the American novels.”. Many argued that Please stop the radio station are “rocking” the hit work Sơn Hà commanded due Cung Tuan and Truong Triet Han starred in recent times.

“Son Ha command”

But then, this post was deleted and the admin (account manager) sent the following message to the netizens: “Under pressure from all sides! We delete the post does not mean we are afraid. The more you scold, the brighter we will be.”

Worried that the incident will evolve more and more complicated should account Please stop the radio station has immediately posted the corrections. In particular, the film producer did not receive any complaints regarding the above information. Furthermore, the netizens who shared that article should delete it and stop spreading false news.

Besides, Please stop the radio station Apologize to the audience for this admin’s thoughtless actions.