Illustrative image (Photo: VNA)
Hanoi (VNA) – The S&P Global Ratings announced
on May 21 that it has retained Vietnam’s sovereign credit rating, improving its
economic outlook to 'positive' from 'stable'.
The Finance Ministry said Vietnam is the only
country in the world to have its outlook improved by Moody’s, S&P and
The S&P made the decision on the back of
Vietnam’s impressive economic achievements and continuous reform in
policymaking amid COVID-19 pandemic.
It said after recording one of the highest
growths worldwide, Vietnam will continue with solid recovery in the next 1-2
year 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 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 national stature.
In the near future, the Finance Ministry and the 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./.