Standard & Poor's affirmed credit ratings
Standard & Poor`s (S&P) recently affirmed its `BB-` long-term and `B` short-term sovereign credit ratings on Viet Nam, saying the long-term outlook was "stable."
The global ratings firm assessed axBB+ long term and axB short term on the country in ASEAN regional scale rating.
S&P said that the low per capita income (around US$ 2,149 in 2014) was the major obstacle for Viet Nam’s performance in the credit ratings.
It hampers the flexible fiscal and monetary policies in comparison with high-income countries.
In addition, the country’s competence in response to economic socks was not high and difficult to take strong measures against bankrupts.
S&P forecast that Viet Nam’s trend annual real per-capita GDP growth at 5% in the 2014-2017 period. Viet Nam would gain per capita income of over US$ 3,000 in 2017.
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Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
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Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
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Vietnam stock market aims for emerging status by 2025: Finance minister
By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.
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Vietnam set to extend VAT cut for six months
This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.
21:29, 2024/12/31
Vietnam’s credit growth projected to expand by 16% in 2025
Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.
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