Moody's upgrades Vietnam's rating to Ba2, outlook changed to stable

HANOI (Vietnam News Network): Moody's Investors Service has upgraded the Government of Vietnam's long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.

Under a report released on Tuesday (Sept 6), Moody’s said: “The upgrade to Ba2 reflects Vietnam's growing economic strengths relative to peers and greater resilience to external macroeconomic shocks that are indicative of improved policy effectiveness, and which Moody's expects to continue as the economy benefits from supply chain reconfiguration, export diversification and continued inbound investment in manufacturing.