Makrognosis

Vietnam Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:VN

Model score54 / 1009 Nov 2026
Grade equivalentBBB-model-implied
BandSpeculative grade0–100 scale, 100 = strongest
Rank60th of 84economies scored

Makrognosis sovereign credit model scores Vietnam at 54 out of 100 as of 9 November 2026, equivalent to BBB- on the familiar letter scale — speculative grade.

The score is down 0.3 points from 55 on 1 October 2026.

That places Vietnam 60th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 37.1% of GDP, a fiscal balance of −3.4% of GDP, a current account balance of 3.2% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Vietnam sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20264648505254Robomacro
Vietnam sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202654.3BBB-
1 October 202654.6BBB-
31 July 202654.6BBB-
30 July 202652.4BB+
26 July 202653.6BBB-
21 June 202647.1BB
18 June 202646.2BB
Get the Vietnam sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/VN"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/VN",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Vietnam, from official national and international statistics.

InputValueVintage
GDP per capitaUS$5,066.02026
Real GDP growth, 5-year average5.7%2026
Inflation, recent average4.4%2026
Government debt37.1% of GDP2026
Fiscal balance−3.4% of GDP2026
Current account balance3.2% of GDP2026
External debt28.8% of GDP2026
Foreign-exchange reserves2.4 months of imports2026
Governance (World Bank WGI composite)−0.3362026

How Vietnam compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
55Thailand9 Nov 202657
56Bahrain9 Nov 202656
57Brazil9 Nov 202656
58Mexico9 Nov 202656
59Peru9 Nov 202655
60Vietnam9 Nov 202654
61Colombia9 Nov 202654
62Philippines9 Nov 202654
63Kazakhstan9 Nov 202653
64China9 Nov 202653
65Morocco9 Nov 202653
66Ivory Coast9 Nov 202652

All 84 economies ranked →

Vietnam economic indicators

Vietnam Inflation Rate (CPI)Vietnam Trade Balance: Goods & ServicesVietnam Merchandise Exports (NSO monthly socio-economic report, TỔNG TRỊ GIÁ; month revised from next release YTD), USD millionVietnam Merchandise Imports (NSO monthly socio-economic report, TỔNG TRỊ GIÁ; month revised from next release YTD), USD millionVietnam Refinancing rate (State Bank of , decision-dated)Vietnam VND per USD, calendar-month average of the official daily central rate (SBV)Vietnam Vietnamese Dong per US Dollar (VND/USD; official central rate tỷ giá trung tâm, State Bank of )

FAQ

What is Vietnam's credit rating?
Makrognosis sovereign credit model scores Vietnam at 54/100 as of 9 November 2026, equivalent to BBB- (speculative grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/VN returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.