S&P Global Ratings upgraded Vietnam’s long-term sovereign credit rating to BB+ with a stable outlook. According to S&P Global Ratings, this upgrade is based on the country’s solid economic recovery outlook, significant improvements in the Government’s administrative processes, robust economic growth prospects, a strong external position and resilient FDI flows despite COVID-related disruptions. S&P Global Ratings forecasts that Vietnam’s economy will grow 6.9% in 2022 and maintains a long-term growth rate of 6.5%-7% for 2023 onward. BB+ is the highest speculative grade and is just one notch below investment grade. We believe the upgrade in Vietnam's long-term sovereign credit rating will help the country to attract more international investors.

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