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Home / Economy / Banking & Finance
Standard & Poor's affirmed credit ratings
By Tuan Minh 14:48, 2014/07/01
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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