Hanoi (VNA) - S&PGlobal Ratings has announced it has retained Vietnam’s sovereign credit ratingat BB, with a stable outlook, according to the Ministry of Finance.
The move is areflection of the strong potential for recovery in Vietnam’s economy followinga period of deceleration due to the COVID-19 pandemic.
S&Pevaluated that Vietnam’s solid growth achievements over past years willcontinue to support the maintenance of the country’s sovereign credit rating.
In the scenario where the globalpandemic is basically controlled by the end of 2020 or early 2021, S&Pforecasts that Vietnam’s real GDP growth will recover in 2021 and from 2022onward will approach the development speed the country set in the long term, of6 to 7 percent.
Globally, since thebeginning of April, S&P has adjusted the negative credit rating of 32countries.
Whileworking with S&P to evaluate the sovereign credit rating in late April, theMinistry of Finance and relevant agencies presented convincing evidence aboutthe adaptive capacity of Vietnam’s economy, which has been clearly illustratedin the challenging global context.
Apart fromsuccessfully curbing the COVID-19 pandemic, Vietnam has supported, cooperated,and shared experience in fighting the disease with other countries andinternational organisations, which has been greatly appreciated by theinternational community, the ministry said.
𝓡 This outcomedemonstrates the deep connection between the Vietnamese Government and people,which facilitated the strong recovery of the economy after COVID-19, itadded./.
he Vietnamese Government has, and is implementing concerted policies and measures for economic recovery during and after the COVID-19 pandemic, according to Foreign Ministry spokeswoman Le Thi Thu Hang.
Vietnam recently held unofficial phone discussions with the US, Japan, the Republic of Korea, India, Australia and New Zealand to look into post-COVID-19 cooperation and economic recovery, according to Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang.
The World Bank (WB) has issued several recommendations to help Vietnam enhance its international integration and capitalise on the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to come into effect shortly.
Prime Minister Nguyen Xuan Phuc on May 20 reported on the anti-COVID-19 work and key solutions for socio-economic recovery and development, calling for joint concerted efforts and high resolve to weather difficulties and perform tasks as best as possible.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image (Source: VNA) 
