Standard and poor's raises Vietnam's sovereign rating

by VTV409 April 2019 Last updated at 08:39 AM

VTV.vn - Standard & Poor’s (S&P) Global Ratings announced that it has raised Vietnam’s sovereign rating from ‘BB-‘ to ‘BB’, with a stable outlook.

This is the first time that S&P has raised Vietnam's national sovereign credit rating in 9 years. This indicates positive changes in Vietnam’s macroeconomy. International organizations share the same assessment that the Vietnamese government's socio-economic development plans in recent years have helped improve the macro-economy and control inflation. They expect that Vietnam’s economy will continue to expand and that, with better policies, Vietnam will be able to strengthen its ratings.

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