Fitch ratings changed on May 9th 2019 its outlook on Vietnam's 'bb' credit rating to 'positive' from 'stable'.



According to the US-based rating agency, the move reflects an improving track record of economic management, which is evident in strengthening external buffers from persistent current account surpluses, falling government debt levels, high economic growth rates and stable inflation.

The agency projects government debt to decrease to 46% of GDP from 50.5 in 2019. The financial ease is attributed to government’s efforts in budget overspending control, limiting governmental guarantee for new loans, impressive GDP growth which is higher than the expectation.

Meanwhile, Standard & Poor's credit rating for Vietnam stands at BB with stable outlook and Moody's credit rating for Vietnam was last set at Ba3 with stable outlook.-VNA