Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%. (Photo: VNA)
Hanoi (VNA) – Credit rating agencyFitch Ratings has forecast Vietnam’sgrowth in the medium term at around 7%, with many favourable signs.
In a report released recently, the agency said Vietnam’s cost competitiveness, educatedworkforce compared with peers, and entry into numerous regional and global freetrade agreements (FTAs) should bode well for continued strong FDI inflows,particularly in the context of ongoing global supply chain diversification.
It cited statisticsshowing realised FDI in Vietnam last year was 22.4 billion USD (about 6% ofGDP), up from 19.7 billion USD in 2021, and realised FDI until November 2023was 20.2 billion USD.
The upgrade of theVietnam-US relationship to a comprehensive strategic partnership in September couldfacilitate greater US FDI flows into and trade with Vietnam, according to thereport.
The agency also noted theimprovement of external finances, saying Vietnam’s foreign exchange reserves asof end-September 2023 reached 89 billion USD, after a sharp decline in 2022.
It has upgraded Vietnam’s Long-Term IssuerDefault Ratings (IDRs) to 'BB ', which it said reflects the country’s favourable medium-term growth outlook.
The outlook isunderpinned by robust FDI inflows, that the agency expects will continue todrive sustained improvements in Vietnam’s structural credit metrics.
“We have increasingconfidence that near-term economic headwinds from property-sector stresses,weak external demand and delays in policy implementation owing to a corruptioncrackdown are unlikely to affect medium-term macroeconomic prospects and thatpolicy buffers are sufficient to manage near-term risks,” Fitch said./.
Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.
Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+', from 'BB', with the “Stable” outlook, the Ministry of Finance announced on December 8.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%. (Photo: VNA) 
