Mr. Phoc informed his guest of Vietnam’s efforts to promote economic development, implement open fiscal policies, cut taxes imposed on businesses, defer payment tax and land lease fees to support business growth, and reform organizational structures for socio-economic development.

Vietnam has also increased investment in infrastructure, built a digital and green economy for sustainable development based on science, technology, and digital transformation, he added.

The Deputy Prime Minister called on S&P to continue supporting Vietnam by providing objective, comprehensive, and accurate assessments that closely reflect the country's financial market, helping Vietnam upgrade its market classification and enhance its ability to attract capital for national development.

Senior Director Kim Eng Tan expressed his impression of Vietnam’s economic development in recent years, saying that these achievements are an important basis for S&P’s credit rating decisions. He noted that with Vietnam’s highly positive economic growth prospects and the government’s ongoing efforts, the country has the potential to improve its credit rating.