# Vietnam Credit Rating & Sovereign Risk Score

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.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:VN`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/vietnam/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 54.3 | BBB- |
| 2026-10-01 | 54.6 | BBB- |
| 2026-07-31 | 54.6 | BBB- |
| 2026-07-30 | 52.4 | BB+ |
| 2026-07-26 | 53.6 | BBB- |
| 2026-06-21 | 47.1 | BB |
| 2026-06-18 | 46.2 | BB |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$5,066.0 |
| Real GDP growth, 5-year average | 5.7% |
| Inflation, recent average | 4.4% |
| Government debt | 37.1% of GDP |
| Fiscal balance | −3.4% of GDP |
| Current account balance | 3.2% of GDP |
| External debt | 28.8% of GDP |
| Foreign-exchange reserves | 2.4 months of imports |
| Governance (World Bank WGI composite) | −0.336 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/VN
```