This marks a significant step as these instruments now carry an investment-grade rating, one notch above Vietnam’s current rating of BB+ for unsecured foreign currency long-term debt. The upgrade follows Fitch’s review under its newly issued Sovereign Rating Criteria, introduced in September 2025. Fitch Ratings emphasized that the upgrade does not affect Vietnam’s overall sovereign credit rating, which remains at BB+ with a stable outlook, last affirmed in June 2025. The Ministry of Finance stated it is establishing a regular and proactive dialogue mechanism with major international rating agencies including Fitch, Moody’s, and S&P. Looking ahead, the ministry will continue working closely with Fitch and other international organizations to ensure accurate and updated assessments of Vietnam’s credit profile.

Source: VietNamNet News January 23, 2026 01:24 UTC