Rating agency Fitch Ratings has upgraded Vietnam’s rating from BB to BB+ and said the outlook is stable, according to a press release December 8.
The upgrade was based on:
- robust foreign direct investment (FDI) inflows; and
- confidence… property-sector stresses, weak external demand and delays in policy implementation owing to a corruption crackdown are unlikely to affect medium-term macroeconomic prospects and policy buffers are sufficient to manage near-term risks.