National credit rating improvement to help lure more foreign capital inflows
The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.
A view of Ho Chi Minh City - Illustrative image (Photo: VNA)
February 31 (VNA)𓃲 - The Ministry of Finance has coordinated with relevant agencies to complete a report on the development the National Credit Rating Improvement Project for the 2021-2030 period to submit to the Prime Minister for approval.
International credit institutions remain optimistic about Vietnam's prospects for 2022. They said that by improving the credit rating, Vietnam may attract more and more international capital inflows.
The roadmap to improve Vietnam's credit ratings to reach investment grade in the next 10 years will include a combination of quantitative and qualitative objectives, along with maintaining credit health in the process of realising growth potential and strengthening external financial position as recognised by credit rating agencies.
Karby Leggett, Global Head, Public Sector and Development Organizations at Standard Chartered Bank (Photo: Standard Chartered)
Karby Leggett, Global Head, Public Sector and Development Organizations at Standard Chartered Bank, said he believes that transforming the current positive credit outlook into credit rating events would be Vietnam's next step in its progress towards an investment rating.
International credit institutions said factors that will support Vietnam in improving its national credit rating include maintaining a high and sustainable growth rate through increasing investment capital and strengthening external financial position, improving the public financial situation through stabilising medium-term debt, increasing budget revenue and reducing the risk of contingent liability from the banking system.
Ngo Dang Khoa, country director of Foreign Exchange at Capital Markets and Securities Services at HSBC Vietnam, said since Vietnam joined the group of lower-middle-income countries, official development assistance (ODA) sources and concessional loans have gradually decreased and are expected to end in the near future.
If Vietnam fulfills the goals set for the 5-year socio-economic development plan in the 2021-2025 period, the country can join the group of upper-middle-income countries in the next 4 -5 years, Khoa said.
To be able to achieve the prospect of Vietnam’s “investment” credit rating in the period of 2021-2030, Vietnam needs to pay attention to expanding access to international capital markets and international commercial loans, and attracting foreign investors, he noted.
Raising Vietnam’s credit rating is of strategic significance, helping improve the efficiency of foreign capital mobilization or issuance of bonds to the international market.
Khoa expressed his belief that Vietnam's economic growth may reach 6.8 percent in 2022, when the vaccine coverage rate is high and the booster vaccination plan is being implemented urgently.
According to Khoa, to achieve its goal of credit rating improvement, Vietnam’s macroeconomic management policies need more tools to forecast and minimise external negative impacts in order to ensure growth of the economy, while per capita income needs to be improved as the plan set by the Government./.
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.
Global credit rating agency Moody's on August 24 maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance challenges caused by the COVID-19 pandemic.
As Vietnam has become a middle-income country and will gradually depend more on foreign commercial loans, the improvement of the sovereign credit ratings will help the Government, businesses, and financial and credit institutions be more cost-effective when mobilising loans or issuing bonds to international capital markets, according to the Ministry of Finance.
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.
A view of Ho Chi Minh City - Illustrative image (Photo: VNA)
Karby Leggett, Global Head, Public Sector and Development Organizations at Standard Chartered Bank (Photo: Standard Chartered)
