The credit rating agency said improvements in Vietnam’s institutional and governance quality are being driven by administrative, legal and public sector reforms initiated since late 2024. The reform process is gradually delivering initial results, with institutional restructuring reducing administrative layers, consolidating ministries and strengthening coordination among government agencies, helping improve project approval processes and administrative procedures.
These changes are supporting stronger institutional scores in Vietnam’s credit profile, contributing to macroeconomic stability and lowering potential risks. At the same time, the economy’s competitiveness is improving through digitalisation, infrastructure investment, human capital development and capital market expansion.
The outlook upgrade demonstrates international recognition of Vietnam’s efforts to maintain macroeconomic stability and promote institutional reforms.
According to the Ministry of Finance, Vietnam is the only country in the Asia–Pacific (APAC) region received a “Positive” outlook by Moody’s. This reflects the international community’s strong recognition of the leadership and governance efforts of Vietnam’s Party, National Assembly, and Government in stabilizing the macroeconomy and implementing deep institutional reforms.
This serves as a foundation for Vietnam to enter a new era of development, striving to achieve double-digit growth associated with a transformation of the growth model, driven primarily by science and technology development, innovation, and digital transformation; while decisively removing bottlenecks and mobilizing, unlocking, and rapidly releasing all social resources.
