Hanoi (VNA) - S&PGlobal Ratings has announced it has retained Vietnam’s sovereign credit ratingat BB, with a stable outlook, according to the Ministry of Finance.
The move is areflection of the strong potential for recovery in Vietnam’s economy followinga period of deceleration due to the COVID-19 pandemic.
S&Pevaluated that Vietnam’s solid growth achievements over past years willcontinue to support the maintenance of the country’s sovereign credit rating.
In the scenario where the globalpandemic is basically controlled by the end of 2020 or early 2021, S&Pforecasts that Vietnam’s real GDP growth will recover in 2021 and from 2022onward will approach the development speed the country set in the long term, of6 to 7 percent.
Globally, since thebeginning of April, S&P has adjusted the negative credit rating of 32countries.
Whileworking with S&P to evaluate the sovereign credit rating in late April, theMinistry of Finance and relevant agencies presented convincing evidence aboutthe adaptive capacity of Vietnam’s economy, which has been clearly illustratedin the challenging global context.
Apart fromsuccessfully curbing the COVID-19 pandemic, Vietnam has supported, cooperated,and shared experience in fighting the disease with other countries andinternational organisations, which has been greatly appreciated by theinternational community, the ministry said.
✨ This outcomedemonstrates the deep connection between the Vietnamese Government and people,which facilitated the strong recovery of the economy after COVID-19, itadded./.
he Vietnamese Government has, and is implementing concerted policies and measures for economic recovery during and after the COVID-19 pandemic, according to Foreign Ministry spokeswoman Le Thi Thu Hang.
Vietnam recently held unofficial phone discussions with the US, Japan, the Republic of Korea, India, Australia and New Zealand to look into post-COVID-19 cooperation and economic recovery, according to Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang.
The World Bank (WB) has issued several recommendations to help Vietnam enhance its international integration and capitalise on the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to come into effect shortly.
Prime Minister Nguyen Xuan Phuc on May 20 reported on the anti-COVID-19 work and key solutions for socio-economic recovery and development, calling for joint concerted efforts and high resolve to weather difficulties and perform tasks as best as possible.
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 (Source: VNA) 
