Friday, November 8, 2024 12:32:47 AM - Markets closed
VN-INDEX 1,259.75 -1.53/-0.12%
HNX-INDEX 227.49 -0.27/-0.12%
UPCOM-INDEX 92.32 -0.39/-0.42%
Vietnam likely to get better rating position in future: expert
VietNam+ - 1/31/2022 7:00:15 AM
 (0 ratings. You must sign in to rate.)
Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.
 
Predictability and transparency in the policy framework will be the key for Vietnam to overcome the crisis and the positive outlook will put the country in a much better position to aim for an investment rating in the near future, Olivier Rousselet, Country Director of BNP Paribas Vietnam, has said.
 
Speaking in an interview with the Vietnam News Agency (VNA), he said Vietnam's credit rating is always in an uptrend from 2013 to 2021. Specifically, it increased from B2 to Ba3, according to Moody's, from BB- to BB and from B + to BB in line with S&P and Fitch's assessments.
 
According to Rousselet, the ranking upgrades in the past eight years have shown that credit rating agencies have a positive assessment of Vietnam's macroeconomic policies. The agencies agreed that Vietnam has sustainable economic growth, a high Gross Domestic Product (GDP) growth rate and the ability to attract foreign direct investment (FDI).
 
They also highly appreciated the improvement of the government's debt index and debt solvency as well as the stable public finance of Vietnam. This positive outlook is a testament to the Government's ability to respond to the impact of the COVID-19 pandemic and the Government's policies has been on the right track.
 
He suggested Vietnam strengthen the effectiveness of fiscal and monetary policies and stabilise debts as it will improve public finance and help achieve the low inflation target.
 
It is necessary for the country to continue minimising the implicit risks of credit events and maintain timely payment obligations, Rousselet said, adding that it will boost the confidence of foreign investors.
 
Vietnam is the only country in the Association of Southeast Asian Nations (ASEAN) in the ‘BB’ rating category to gain positive rating momentum in 2021 and this is a reflection of the country's economic strength and resilience.
 
Rousselet affirmed that nurturing long-term growth opportunities, improving trade momentum and increasing the attraction of foreign investment will play an important role in building a stronger economy and will lead Vietnam to a better position, achieving an investment rating in the medium term./.
 
Newer News
07/11 Foreign investment disbursement hits $19.58b in 10 months
07/11 VN posts trade surplus of US$23.31 billion in 10 months
07/11 LEGO Group nears completion of Vietnam factory, begins test run
07/11 E-commerce opens more doors for Vietnamese enterprises in EU: expert
07/11 Water, waste treatment expos return to HCM City
07/11 Nearly 300 exhibitors join in Vietfood & Beverage - Propack Vietnam 2024
07/11 Da Nang airport, international terminal operator to merge online channels
07/11 EIMA 2024 underway with focus on green agriculture
07/11 CPI rises by 0.33 per cent in October
06/11 Domestic exporters urged to shield against trade remedy threats
Older News
31/01 Foreign investment inflow into Vietnam rises 4.2 percent in January
28/01 Bright prospects predicted in FDI attraction in 2022 and following years
26/01 Vietnam-US trade hits record high in 2021
23/01 Vietnam-US trade hits record high in 2021
20/01 Wood, furniture exports to US expected to hit 10 billion USD
18/01 More capital flows come to economic, industrial parks in 2021
14/01 EU remains highly potential importer of Vietnamese rice
14/01 VN's GDP to bounce back in 2022 at 5.5%: WB
14/01 Rubber exports recover strong growth in 2021
13/01 Southern key economic region receives large inflow of foreign investment in 2021
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,259.75 -1.53/-0.12%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.