Illustrative image (Photo: VNA) Hanoi (VNA) – The S&P Global Ratings announcedon May 21 that it has retained Vietnam’s sovereign credit rating, improving itseconomic outlook to 'positive' from 'stable'.
The Finance Ministry said Vietnam is the onlycountry in the world to have its outlook improved by Moody’s, S&P andFitch.
The S&P made the decision on the back ofVietnam’s impressive economic achievements and continuous reform inpolicymaking amid COVID-19 pandemic.
It said after recording one of the highestgrowths worldwide, Vietnam will continue with solid recovery in the next 1-2year thanks to the Government’s effective measures against the pandemic, foreign investment attractiveness, stableexport, strong domestic demand and solid external position.
This year and in subsequent years, the Vietnamese Government will continuepursuing the goal of consolidating macro-economic foundation, maintainingstable growth in production and trade, improving internal capacity of theeconomy, boosting institutional reform in combination with fighting thepandemic, contributing to realising the country’s mid- and long-term goals andimproving 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 fuelsocio-economic development and improve Vietnam’s creditworthiness./.
