Moody's revises Vietnam view to positive

Moody's Investors Service said it affirmed the government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changed the outlook to positive from negative.

“The drivers of the positive outlook include signs of improvements in fiscal strength and potential improvements in economic strength that may strengthen Vietnam's credit profile over time. Sustained fiscal consolidation has led to improvements in fiscal and debt metrics, which Moody's expects to be only briefly interrupted by the pandemic,” the agency said in a press release.

Vietnam's economic strength may benefit from global shifts in production, trade and consumption following the pandemic and help Vietnam's economy. Over time, indications of higher fiscal and economic strength may improve policy effectiveness and put upward pressure on Vietnam's credit profile, Moody’s said.

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