HCMC – Foreign investment remains a key driver of Vietnam’s economic growth, as highlighted at the Fitch on Vietnam 2024 conference held in HCMC today, August 20.
Experts attributed the strong international capital inflows to the country’s political stability, robust economy, and ongoing infrastructure development.
The annual conference, attended by leading experts and business executives, discussed Vietnam’s economic prospects amid a complex global landscape.
Rising interest rates and geopolitical tensions were identified as significant risks to Vietnam’s growth. Participants stressed the need for continued reforms in the banking system to strengthen the financial sector and attract potential investors.
Between January and June, fresh foreign investment approvals in Vietnam reached US$15.2 billion, up by 13.1% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The event focused on the outlook for Vietnam’s credit market and the challenges faced by issuers. Discussions also explored the opportunities of sustainable trends in Vietnam’s economic development, including green infrastructure and circular economy initiatives.
Last December, Fitch Ratings upgraded Vietnam’s credit rating from BB to BB+, reflecting the country’s positive economic outlook and improved governance. The BB category, according to Fitch, indicates elevated default risk but sufficient financial flexibility to service commitments.
