These trends have been spurred in turn by the country's increasing competitiveness and a rapid economic transition away from traditional sectors such as agriculture and manufacturing.
These trends have played an important role in determining the extent and pace of economic acceleration, it said.
Moody's expects that strong foreign direct investment (FDI) inflows will continue to diversify Vietnam's economy and strengthen growth compared with similarly rated peers, thereby supporting stabilization in the government's debt burden.
