Fitch revises Vietnam outlook upwards to positive

Global credit rating agency Fitch said Vietnam will remain one of the fastest growing economies in the Asia-Pacific region. The firm announced the revision of Vietnam’s outlook to Positive from stable on Thursday, affirming that the country will keep its ‘BB’ sovereign credit rating.

The agency said the upgrade reflects an improving track record of economic management, which is evident in persistent current account surpluses, falling government debt levels, high economic growth rates and stable inflation.

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Hung Le