Fitch raises economic outlook for Vietnam to positive
(VOVWORLD) -Fitch Ratings has revised the outlook on Vietnam’s long-term foreign- and local-currency issuer default ratings (IDR) to ‘Positive’ from ‘Stable’ and affirmed the ratings at ‘BB’.
According to Fitch’s announcement, Vietnam’s ratings reflect strong growth performance and prospects, persistent current account surpluses, manageable debt service costs and sustained foreign direct investment (FDI) inflows.
 A view of Hanoi city from above (Photo: Michael Waibel) |
The revision of the outlook to ‘Positive’ reflects key rating drivers such as Vietnam’s policy making that is focused on macroeconomic stability, Fitch said. This approach, which includes greater exchange-rate flexibility and an increasing focus on inflation stability, has supported consistently strong levels of FDI and helped maintain robust economic growth.