Vietnam wishes to enhance cooperation with S&P Global Ratings: PM

Vietnam wishes to strengthen cooperation with S&P Global Ratings in a more effective and closer manner, said Prime Minister Pham Minh Chinh during a reception for Global Chief Commercial Officer at S&P Lynn Maxwell in Ha Noi on February 26, according to a report from the Government News.

The PM urged S&P to conduct an objective evaluation and consider upgrading Vietnam's sovereign credit rating based on a true reflection of the country's situation.

Additionally, he suggested S&P promote knowledge-sharing on credit rating assessments for government agencies and businesses, helping Vietnam formulate and implement strategies to enhance its rating, thereby facilitating deeper and more effective international integration.

Ms. Maxwell, for her part, expressed her interests in public-private partnership (PPP) projects in Vietnam, adding that S&P Global is deeply involved in credit rating activities for infrastructure projects, particularly those related to PPP, as well as green bonds and green transition initiatives for businesses in line with international standards.

She also shared information about S&P Global's collaboration with leading credit rating firms in Vietnam. Through this cooperation, S&P has gained a deeper understanding of Vietnam, particularly in infrastructure development.

S&P is committed to accompanying Vietnam to contribute the development of the Southeast Asian country's financial market, and enhance investors' confidence in credit ratings, she emphasized.

In June 2024, it affirmed its 'BB+' long-term and 'B' short-term sovereign credit ratings on Vietnam, with a "stable" outlook on the long-term rating.