Fitch revises Vietnam's outlook to positive, affirms rating at 'BB'


Workers at Samsung Electronics Vietnam in the northern province of Thai Nguyen produce smartphones for export. Vietnam’s exports rose by about 7 per cent in 2020. - Vietnam News/ANN

HANOI, April 3 (Vietnam News/ANN): Fitch Ratings has revised Vietnam's outlook to positive from stable and affirmed the long-term foreign-currency issuer default rating (IDR) at 'BB'.

A report released by the rating agency says the positive outlook reflects Vietnam's growth and public finances' resilience to the COVID-19 pandemic shock, and continued strengthening of external finances due to persistent current account surpluses and rising international reserves.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Vietnam , Fitch Rating , Revised , to BB , Stable , Now Positive

   

Next In Aseanplus News

Parents urged to lodge complaints if schools organise outdoor activities in hot weather
Miti to draw up comprehensive strategic semiconductor plan, says PM Anwar
Perak drawing up development guidelines at cave, hillside temples
Lahad Datu OCPD's teen daughter found dead from gunshot
12 crew members rescued from Tanzanian burning ship in Singapore waters: MPA
Asean News Headlines at 9pm on Monday (April 16, 2024)
Woman and five children dead after boat capsizes in Indian Kashmir
South China Sea claimants should settle dispute peacefully, says Singapore foreign minister
Malaysian-born TVB star Jacquelin Ch'ng reveals flaws that led to her divorce
Indonesia speeds up purchasing rice from local farmers; move to ensure enough stock during Aidilfitri season

Others Also Read