S&P Global Ratings raises Vietnam’s outlook from Stable to Positive

The basis of S&P deciding to keep Vietnam’s sovereign credit rating is the recognition of the country’s impressive economic development achievements and continuous reform in policymaking amid COVID-19 pandemic..

S&P assesses that following the 2020 GDP growth, among the highest globally, Vietnam will continue with solid recovery in the next 1-2 years thanks to the Government’s effective measures against the pandemic, foreign investment attractiveness, stable export, strong domestic demand and solid external position.

This year and in subsequent years, the Vietnamese Government will continue pursuing the goal of consolidating the macro-economic foundation, maintaining stable growth in production and trade, improving internal capacity of the economy, boosting institutional reform in combination with fighting the pandemic, contributing to realising the country’s mid- and long-term goals and improving the national stature.

In the near future, the Finance Ministry and Government bodies will continue enhancing collaboration and information sharing with credit rating and international organisations to fuel socio-economic development and improve Vietnam’s creditworthiness./.