Fitch Ratings discusses Vietnam's 10% GDP growth target and capital market potential
What happened
During a meeting, Minister Tuan provided an overview of Vietnam's macroeconomic outlook to Fitch Ratings. He stated that Vietnam targets annual GDP growth of at least 10 per cent. To meet this goal, the country plans to increase capital mobilization to approximately 40 per cent of GDP.
From vir.com.vn
Why it matters
Fitch Ratings described Vietnam as a market with significant potential in Southeast Asia, noting the country's strong growth trajectory. The government's objectives to improve capital efficiency and increase capital mobilization could create opportunities for businesses to access international sources of capital.
From vir.com.vn
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- VietnamSpeculative
Positive credit assessments might boost investor confidence and attract international capital to Vietnam.
- JapanSpeculative
Vietnam's strong growth trajectory and capital market confidence could boost regional demand for Japanese goods.
- UBSSpeculative
A positive credit outlook might boost investor appetite for Vietnamese assets.
- Standard CharteredSpeculative
Improved credit rating could increase demand for trade finance and market services.
- FTSE RussellSpeculative
The event could reinforce existing positive assessments of the Vietnamese capital market.
Keep exploring
The entities involved
-
Vietnam
country in Southeast Asia
-
FTSE Russell
British provider of stock market indices
Related events
- The State Bank of Vietnam has issued new banking regulations for the country.
- The Ministry of Science and Technology in Vietnam is preparing a state procurement list.
- Vietnam and Luxembourg signed an MoU to strengthen bilateral economic ties, involving the Ministry of Finance and State Bank of Vietnam.
- The State Bank of Vietnam is managing its green lending portfolio.
- TCP has been present in Vietnam for over three decades, while Thailand remains Vietnam's largest trading partner and a major foreign investor.