Vietnam among few countries to maintain sovereign credit rating despite COVID-19
admin 7-07-2020, 19:29


Vietnam among few countries to maintain sovereign credit rating despite COVID-19
PM Nguyen Xuan Phuc at the online meeting to review Vietnam’s financial activities in the first half of 2020, July 7, 2020. (Photo: VNA)

He said despite COVID-19, Vietnam has secured economic balances, macroeconomic stability, and social welfare.

In May, S&P Global Ratings announced it retained Vietnam’s sovereign credit rating at BB, with a stable outlook.

At the meeting, Prime Minister Nguyen Xuan Phuc underlined the key role of the financial sector in meeting Vietnam’s dual goals of fighting COVID-19 and reviving the economy.

“To achieve the twin targets, the financial sector and others must adhere to the budget collection and spending plans, ensure financial resources for economic recovery, and maintain major economic balances,” said Mr. Phuc.

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