First, it will implement solutions and policies to effectively manage public debt, government debt, and national debt indicators, ensuring they remain at a positive level and meet the credit rating criteria of international organizations.

Second, it will closely coordinate with ministries, sectors, and localities to advise on perfecting mechanisms and policies to promote economic growth on a foundation of macroeconomic stability. Maintaining positive macroeconomic indicators will favorably impact credit ratings.

Third, the Ministry will strengthen coordination with international credit rating agencies such as S&P and Fitch Ratings and provide complete, timely, and transparent information so that they will assess the Vietnamese economy more accurately.

Deputy Minister Phuong said he believes upgrading the credit rating of secured long-term debt instruments is the first step to improving Vietnam’s national credit rating in the coming period.