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.
