Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+', from 'BB', with the “Stable” outlook, the Ministry of Finance announced on December 8.
Hanoi (VNA) – Fitch Ratingshas upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR)to 'BB+', from 'BB', with the “Stable” outlook, the Ministry of Financeannounced on December 8. The upgrade reflects Vietnam's favourable medium-termgrowth outlook, underpinned by robust foreign direct investment (FDI) inflows,which Fitch Ratings expects will continue to drive sustained improvements inits structural credit metrics. According to the organisation, it has increasingconfidence that near-term economic headwinds from property-sector stresses,weak external demand, and delays in policy implementation owing to a corruptioncrackdown are unlikely to affect medium-term macroeconomic prospects and thatpolicy buffers are sufficient to manage near-term risks. Fitch Ratings forecasts Vietnam will achieve amedium-term growth of around 7% thanks to its cost competitiveness, educatedworkforce relative to peers, and entry into regional and global free-tradeagreements bode well for continued strong FDI inflows amid global supply chaindiversification. The authorities estimate that FDI projects have disbursedabout 2.4 billion USD (6% of GDP) as of December 20, 2022, an increase of 13.5%yoy over the same period last year. Diplomatic relations with the US wereupgraded to a comprehensive strategic partnership in September, which couldfacilitate greater US FDI and trade. In addition, Vietnam's foreignexchange reserves improved modestly, to 89 billion USD as of end-September 2023,after a sharp drop in 2022. This partly reflects some return of capital flowsand a larger trade surplus. Vietnam’s reserves are expected to improve furtherin 2024-2025 with coverage of current external payments averaging about threemonths, under our baseline. Vietnam's external debt composition remains favourable,as most of the debt is owed to bilateral and multilaterals. This leads to alower external debt service burden and supports its high external liquidityratio. Fitch Ratings believes that as the Vietnamese Governmentcontinues to implement policies to support growth and stablise themacroeconomy, Vietnamese economy will regain growth momentum soon. According to the Ministry of Finance, when the worldeconomy is facing challenges relating to a slowdown in growth, economy,trade, and financial risks are increasing in countries, the upgraded rating ofFitch Ratings to Vietnam shows the international community's positiveassessment of the direction and management efforts of the Party, National Assembly and Government of Vietnam. The ministry will continue to coordinate with FitchRatings, other credit rating agencies, and international organisations to helpthem have a complete and updated assessment of Vietnam's credit profile./.
Credit ratings agency Fitch Ratings has affirmed Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating at 'BB' with a positive outlook.
Property-sector risks have made operating conditions more difficult for banks in Vietnam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative photo (Photo: VNA) 
