Posting a GDP growth rate of 2.6%, Vietnam outpaced most of its counterparts in the region in 2021. Yet, as a result of the pandemic, it also was the slowest pace of growth for Vietnam in 30 years.
However, Fitch Ratings expects Vietnam’s recovery – boosted by exports and domestic demand – to gather enough momentum to reach GDP growth of 7.9% in 2022 and 6.5% in 2023.
Even so, risks remain, among them, additional pandemic-related lockdowns, uncertain interest rate hikes, a possible increase in non-performing loans, and developmental challenges, such as inadequate infrastructure, regulations aimed at bolstering sustainable and ESG practices, and volatility in the bond and capital markets.
For insights on these issues and more, you are cordially invited to join the Fitch on Vietnam 2022 webinar – hosted by The Asset Events+ in association with Fitch Ratings – during which leading decision-makers from the public and private sectors will join Fitch’s leading analysts to discuss Vietnam’s economic prospects and the implications for its credit markets, issuers and investors.