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Vietnam sees improvements in stabilizing the macro-economy

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(VOVworld) - Fitch Ratings has affirmed Vietnam’s Long-Term Foreign- and Local-Currency Issuer Default Rating at “B+”. The Outlooks on the Long-Term IDRs are revised to Positive from Stable. The Country Ceiling is affirmed at “B+” and the Short-Term Foreign Currency IDR at 'B'.
(VOVworld) - Fitch Ratings has affirmed Vietnam’s Long-Term Foreign- and Local-Currency Issuer Default Rating at “B+”. The Outlooks on the Long-Term IDRs are revised to Positive from Stable. The Country Ceiling is affirmed at “B+” and the Short-Term Foreign Currency IDR at 'B'.

Vietnam sees improvements in stabilizing the macro-economy - ảnh 1

The revision of the Outlook on Vietnam’s IDRs to Positive from Stable reflects the following an improvement in macroeconomic stability. The economy has begun to recover following a difficult period after austerity measures were implemented in early 2011. Real GDP grew 5.4% in 2013 (5.2% in 2012) as both domestic and external demand picked up. Fitch forecasts real GDP to grow 5.7% and 5.9% in 2014 and 2015.

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