(VOVWORLD) - Moody's Investors Service (Moody's) has maintained the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changed the outlook from negative to positive.
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According to the credit ratings company, Vietnam’s effective policies in development and pandemic containment have helped its economy and foreign trade recover quickly. Vietnam’s economic growth outlook in the medium term is considered promising thanks to convincing and solid achievements in fiscal and debt position improvement.
According to Moody’s, Vietnam's economic strength, with competitiveness in processing, manufacturing, and foreign trade, may benefit from global shifts in production, trade, and consumption following the coronavirus pandemic.
Moody's said that Vietnam’s institutional strength has been remarkably enhanced in the Government's budget and debt management.
The two-level-up elevation by Moody's for Vietnam is unprecedented in its global credit rating since the COVID-19 pandemic, and is a very good result for Vietnam.