Fish processing in Pham Nghia Food joint stock company (Photo: VNA)

Moody’s estimates that Vietnam’s growth potential is strong, at around 6.5 percent, supported by the increasingly efficient use of labor and capital in the economy. The country’s economic strength combines high growth and high competitiveness as shown in the economy’s ongoing shift towards high value-added sectors. Moody’s has upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings from B1 to Ba3 and changed the outlook from positive to stable.