Vietnam Credit Rating (2024)

Updated Government Bonds data and yield curves

Current Vietnam credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Vietnam ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Vietnam, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

The table below shows the current Vietnam credit ratings, according to the main rating agencies.

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Rating Agency	Rating	Outlook	Last Update	Action
Standard & Poor's	BB+	-	27 May 2022	rating upgrade
Moody's Investors Service	Ba2	-	6 Sep 2022	rating upgrade
Fitch Ratings	BB+	-	8 Dec 2023	rating upgrade
DBRS	-	-

Vietnam: Long-term Rating Scales Comparison

Vietnam long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Vietnam sovereign debt. These scales help investors understand the likelihood that Vietnam will meet its financial obligations.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade	Description	S&P	Moody's	Fitch	DBRS

Investment Grade	Prime	AAA	Aaa	AAA	AAA


	High Medium Grade	AA+	Aa1	AA+	AA(high)
		AA	Aa2	AA	AA
		AA-	Aa3	AA-	AA(low)


	Upper Medium Grade	A+	A1	A+	A(high)
		A	A2	A	A
		A-	A3	A-	A(low)


	Lower Medium Grade	BBB+	Baa1	BBB+	BBB(high)
		BBB	Baa2	BBB	BBB
		BBB-	Baa3	BBB-	BBB(low)

Speculative Grade	Speculative	BB+	Ba1	BB+	BB(high)
		BB	Ba2	BB	BB
		BB-	Ba3	BB-	BB(low)


	Highly Speculative	B+	B1	B+	B(high)
		B	B2	B	B
		B-	B3	B-	B(low)


	Substantial Risk	CCC+	Caa1	CCC+	CCC(high)
		CCC	Caa2	CCC	CCC
		CCC-	Caa3	CCC-	CCC(low)


	Extremely Speculative	CC	Ca	CC	CC
	Extremely Speculative	C	C	C	C


	In Default	RD	/	RD	RD
		SD	/	SD	SD
		D•NR	D•NR	D•NR	D•NR

Vietnam Credit Ratings historical data

Not enough data.

Timetable of Vietnam credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date	S&P	Moody's	Fitch
8 Dec 2023			BB+
6 Sep 2022		Ba2
27 May 2022	BB+
24 May 2021	BB
1 Apr 2021			BB
19 Mar 2021		Ba3
8 Apr 2020			BB
18 Dec 2019		Ba3
9 May 2019			BB
5 Apr 2019	BB
10 Aug 2018		Ba3
15 May 2018			BB
18 May 2017			BB-
28 Apr 2017		B1
3 Nov 2014			BB-
29 Jul 2014		B1
23 Jan 2014			B+
28 Sep 2012		B2
6 Jun 2012	BB-
19 Aug 2011	BB-
23 Dec 2010	BB
15 Dec 2010		B1
28 Jul 2010			B+
11 Mar 2010			BB-
29 Jun 2009			BB-
4 Jun 2008		Ba3
29 May 2008			BB-
15 Mar 2007		Ba3
7 Jul 2005		Ba3
6 Nov 2003			BB-
11 May 2003		B1
11 Jun 2002			BB-
9 Jul 1998		B1
17 Apr 1997		Ba3

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FAQs

What is Vietnam's credit rating? ›

On June 20, 2024, S&P Global Ratings affirmed its 'BB+' long-term sovereign credit rating on Vietnam. At the same time, we affirmed the short-term rating at 'B'. The outlook on the long-term rating is stable.

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How to check credit score in Vietnam? ›

How to check your credit history and personal credit score. Customers can check their credit history and personal credit scores through the following agencies: Nation Credit Information Center under the State Bank (CIC) VietnamCredit.

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What is the Fitch rating for Vietnam? ›

Ratings Upgraded: The upgrade of Vietnam's Long-Term IDRs to 'BB+' reflects its favourable medium-term growth outlook, which is underpinned by robust foreign direct investment (FDI) inflows, that we expect will continue to drive sustained improvements in its structural credit metrics.

What country has the highest credit rating? ›

The Danish central government is one of the few in the world to hold the highest possible credit rating (AAA/Aaa), with a stable outlook from the three largest international credit rating agencies.

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What is Moody's country rating for Vietnam? ›

Moody's Investors Service (Moody's) has affirmed Vietnam's long-term credit rating at Ba3 and raised its outlook for the country to "positive".

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Which countries still have a AAA credit rating? ›

Some of the top examples include Australia, Canada, Denmark, Germany, Sweden, Switzerland, Norway, and Hong Kong. These are all countries that generally carry a credit rating of AAA.

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Does Vietnam use credit scores? ›

In Vietnam, the CIC under the State Bank is the official public credit registry. The CIC collects, processes, and stores credit data; analyses, monitors, and limits credit risk; scores and rates credit institutions and borrowers; and provides credit reports and other financial services.

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Is there a credit bureau in Vietnam? ›

PCB was formed by 11 commercial banks in Vietnam. The founding members cooperate with other financial institutions and government institutions to establish and operate the credit bureau.

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What is China credit rating score? ›

Fitch's proprietary SRM assigns China a score equivalent to a rating of 'A' on the Long-Term Foreign-Currency (LT FC) IDR scale.

Is Vietnam in debt? ›

Public debt in Vietnam in 2021 was 39.1% of GDP.

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What is a good Fitch rating? ›

'aaa' ratings denote the best prospects for ongoing viability and lowest expectation of failure risk. They are assigned only to financial institutions with extremely strong and stable fundamental characteristics, such that they are most unlikely to have to rely on extraordinary support to avoid default.

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What is Vietnam International rating? ›

Vietnam Credit Rating

Rating Agency	Rating	Action
Standard & Poor's	BB+	rating upgrade
Moody's Investors Service	Ba2	rating upgrade
Fitch Ratings	BB+	rating upgrade
DBRS	-

See Details ›

How many people in the country have a 850 credit score? ›

And when it comes to credit, 850 is the highest the FICO Score scale goes. For more and more U.S. consumers, practice is making perfect. According to recent Experian data, 1.54% of consumers have a "perfect" FICO Score of 850.

Get More Info Here ›

Which countries have no credit score? ›

Not all countries use credit scores to assess a debtor's creditworthiness. Japan, the Netherlands, and Spain rely on factors like one's income, repayment history, and length of employment to determine creditworthiness.

What is Apple's credit rating? ›

(Reuters) - Ratings agency Moody's on Tuesday upgraded Apple Inc's long-term credit rating to 'AAA' with a stable outlook, citing the iPhone maker's "exceptional liquidity" and robust earnings.

What is the investment grade rating for Vietnam? ›

Fitch Ratings - Hong Kong - 08 Dec 2023: Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+', from 'BB'. The Outlook is Stable.

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What is China's credit rating? ›

S&P, the other major global rating agency, also rates China A+, the equivalent of Moody's current A1 rating.