The Ministry of Finance collaborated with S&P Global Ratings to assess Vietnam’s 2024 creditworthiness. Deputy Minister Nguyen Duc Chi stated that despite global uncertainties, Vietnam’s macroeconomy remains stable with strong recovery in production, export, and foreign direct investment (FDI). In the first four months of this year, total trade value reached USD238.9bn, a 15.2% increase, and the trade surplus was USD8.4bn. FDI influx rose by 4.5% to over USD9.27bn. GDP growth was 5.66% in the first quarter, aiming for 6-6.5% for the full year. Budget collection reached 48% of the annual plan, indicating strong domestic economic recovery. This information will aid S&P in accurately assessing Vietnam’s creditworthiness.
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