S&P Global Ratings views Vietnam’s outlook as positive

VOV.VN - The S&P Global Ratings has maintained the country’s sovereign credit rating and moved to improve the nation’s economic outlook to 'positive' from 'stable'.

Most notably, the Vietnamese economy became the only country in the world to have its outlook improved by Moody’s, S&P, and Fitch, according to details given by the Finance Ministry.

The decision by the S&P Global Ratings came on the back of impressive Vietnamese economic achievements and continuous reform in terms of policymaking amid the negative impact of the novel coronavirus (COVID-19) pandemic.

It stated that after recording one of the highest growth rates globally, the nation will continue to enjoy solid recovery over the coming year due to the effective measures taken by the Government to combat the pandemic and to attract greater foreign investment. This is alongside ensuring stable exports, strong domestic demand, and a solid external position.

Moving forward, the Vietnamese Government will continue to pursue the goal of consolidating macro-economic foundation whilst maintaining stable growth in terms of production and trade. This will be done alongside efforts to improve the internal capacity of the economy, continuing with institutional reforms whilst fighting the pandemic, contributing to meeting the country’s mid- and long-term goals, and improving national stature.

In the near future the Finance Ministry and the Government are anticipated to continue enhancing collaboration and information sharing efforts with credit rating and international organisations in a bid to fuel socio-economic development and improve the nation’s creditworthiness.

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