Hanoi (VNA) – Fitch Ratings has revisedVietnam's outlook to “positive” from “stable” and affirmed the long-termforeign-currency issuer default rating at “BB”.
The Ministry of Finance (MoF) said the creditrating agency’s upgrade of Vietnam’s outlook reflects the growthresilience of the country, which was among the few economies in the AsiaPacific region and the “BB” rating category to maintain positive growth in2020, at 2.91 percent.
Fitch Ratings recognised Vietnam’s fiscal andgovernment debt achievements, its successes in bringing the coronavirusoutbreak swiftly under control, strong policy support and export demand, alongwith continued strengthening of external finances due to persistent currentaccount surpluses and rising international reserves.
It forecast GDP growth of about 7 percent in2021 and 2022, in line with a broader global economic recovery sustainingexport growth and a gradual normalisation of domestic economic activity basedon its expectation of continued success by the authorities in containingdomestic coronavirus infections.
The agency noted Vietnam’s efforts to maintainmacro-economic economic stability, sustain high growth, reduce the GDP per capitagap vis-à-vis the country's peers, and further improve public finances, forexample, through sustainable fiscal consolidation and debt stabilisation overthe medium term are among factors that could, individually or collectively,lead to positive rating action.
Apart from Moody's Investors Service recentlyraising the outlook for Vietnam to “positive” from “negative” – anunprecedented move in its ranking globally since the start of the COVID-19pandemic, Fitch Ratings’ upgrade of Vietnam’s outlook demonstrates creditrating organisations’ belief in the Government’s effective policies, stronggrowth prospects, and increasingly solid fiscal space, according to the MoF.
The MoF attributed the improvement in thecountry’s credit outlook to the actively implemented macro-economicstabilisation measures, the enhanced financial – banking system, along withministries and sectors’ efforts to share updated information with FitchRatings./.
The corporate bond market in Vietnam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure transparency and healthy market development.
The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
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 to positive from negative.
Moody's Investors Service has affirmed the long-term local and foreign currency deposit ratings and senior unsecured ratings of 15 Vietnamese banks at Ba3 positive.
Moody's Investors Service (Moody's) maintaining the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changing the outlook to “positive” from “negative” is unprecedented, an official has said.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
