Vietnam aims to have sovereign credit ratings of ‘investment-grade’ by 2030
(VOVWORLD) -Vietnam aims to have sovereign credit ratings of ‘investment-grade’ by 2030, according to a workshop on Friday.
 (Photo: VNA) |
The workshop on the sovereign credit rating improvement project by 2030 was held in Quang Ninh province by the Finance Ministry in collaboration with the Asia Development Bank and international financial and banking organizations.
The improvement is essential for creating a spillover effect in the entire economy and raising Vietnam’s prestige and trust with international investors, including direct and indirect investors in Vietnam.
In late March, Prime Minister Pham Minh Chinh issued a decision approving the National Credit Rating Improvement Project until 2030 under which Vietnam targets to raise its credit rating to ‘investment-grade’, meaning Baa3 or better on Moody’s scale and BBB- or better on the Standard & Poor’s and Fitch.