Fitch forecasts Vietnam's economy to grow seven per cent in midterm and country has many favourable signs

HANOI (Bernama-Xinhua): Credit rating agency Fitch Ratings has forecast that Vietnam's economic growth in the medium term will be at around 7 per cent, with many favourable signs.

It has upgraded Vietnam's long-term Issuer Default Rating (IDR) to "BB+", which it said reflects the country's favourable medium-term growth outlook.