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Fitch Ratings gives Vietnam a BB+ rating with a stable outlook

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.