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.