European businesses have no intention to leave Vietnam: EuroCham
European businesses still hold high hopes for Vietnam’s prospects.
European businesses still hold high hopes for Vietnam’s prospects.
Faster execution of vaccination program would be the key factor ensuring Vietnam’s strong economic performance in the medium term.
While the rollout of Vietnam's vaccination program is off to a slow start, but Fitch nevertheless expects the country’s GDP growth of about 7% in 2021 and 2022.
Fitch expects the economy to continue to recover, helped by well-controlled local coronavirus infection rates.
Vietnam’s installed capacity is set to increase to about 70 gigawatts (GW) by end-2022 (2019: 55GW), led mainly by private players and other government-owned entities.
Fitch assesses EVNHANOI's Standalone Credit Profile at 'bb', the same as that of EVN and the Vietnam sovereign rating (BB/Stable).
Vietnam is one of only four Fitch-rated sovereigns in the Asia Pacific that Fitch Ratings expected to post positive economic growth in 2020.
Vietnam would be among a handful of nations maintaining positive economic growth this year, according to a World Bank expert.
These actions stem from the sharply lower - albeit positive - growth that Vietnam faces from the Covid-19 pandemic.
The ratings are at the same level as the Vietnam sovereign rating.