Vietnam is forecast to remain Asia's fastest-growing nation after India through 2028, supported by exports and infrastructure investments, according to S&P Ratings. However, heavy public spending may lead to larger fiscal deficits and smaller current account surpluses. The Vietnamese government is seeking an upgrade of its sovereign rating to investment grade by the end of the decade and is targeting annual economic growth of at least 10% through 2030. S&Ps has affirmed its long-term and short-term sovereign credit ratings, keeping the country below investment grade. Potential risks include stress in the banking sector, which it considers high risk due to regulatory weaknesses, weak transparency and disclosure standards.