S&P affirms Vietnam’s rating at BB+ with stable outlook
The country's attractiveness as a destination for FDI in Southeast Asia with a young, increasingly educated and competitive workforce should help to keep long-term development intact.
The country's attractiveness as a destination for FDI in Southeast Asia with a young, increasingly educated and competitive workforce should help to keep long-term development intact.
The bright spot in the latest PMI survey was employment, which increased at the fastest pace in three and a half years.
Business conditions strengthened to the greatest extent in just over a year.
S&P’s latest upgrade of Vietnam’s credit rating is significant as the country's growing global uncertainties and the pandemic impacts have led to the 30 downgrades among countries recently.
S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward.