Deputy Prime Minister Le Minh Khai requested appropriate measures be taken to guarantee macro-economic stability and control inflation to avoid economic shocks while maintaining normal production and business activities and ensuring people’s jobs and income.
The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB+” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance.
Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry, heightening the country’s international reputation and reducing credit risks.
Standard and Poor’s (S&P), an international ratings agency, announced it kept Indonesia’s sovereign debt rating at BB+ due to poor fiscal performance, according to the Jakarta Post and Jakarta Global.
The Standard and Poor’s Rating Services (S&P) warned that Thailand’s sovereign credit rating is facing a downturn, due to gloomy long-term economic prospects, on September 29.
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