Moody’s gives Vietnam Ba3 credit rating

Credit rating agency Moody’s maintains a positive outlook for Vietnam and forecasts stable prospects, giving it a Ba3 rating, the Ministry of Finance said.

Rating symbols and definition

It is based on the country’s GDP growth rate of 5.32 percent last year and inflation rate of 6.5 percent, the ministry said.
Vietnam’s rating is one grade higher than other countries in the region, with the Philippines getting Ba3/BB and Indonesia Ba2/BB.
The ministry has cooperated with ratings organizations like Moody’s, Standard & Poor’s, and Fitch Ratings for many years now. 

By H.My – Translated by Minh Anh

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