S&P revises Vietnam view to positive

S&P said it revised Vietnam’s outlook to positive from stable and affirmed its BB sovereign rating.

“The positive outlook captures Vietnam's improving track record of effective administrative processes following the introduction of a directive in January 2020 that empowers the ministry of finance to make full and immediate payment of guaranteed government debt obligations directly to the creditor. The outlook also reflects our expectation that Vietnam's economy will continue to expand rapidly, exemplifying continued improvements in its policymaking settings and underpinning credit metrics,” the agency said in a press release.

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