Fitch Upgrades Vietnam Credit Rating on Economic Policy Record

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Fitch Ratings has upgraded its rating for Vietnam, noting the country’s improving track record on economic policy, debt and reform, the Financial Times reported. The rating agency said Vietnam’s long-term foreign-currency issuer default rating has been upgraded to BB with a stable outlook, from BB-, and that it expected Vietnam to remain among the fastest-growing economies in the Asia-Pacific region. “Vietnam's track record of policy-making focused on strong macroeconomic performance has been improving,” the agency said, adding that growth of 6.7 per cent is expected this year amid strong foreign investment levels, continued manufacturing expansion and a boost in private spending.  Read more. (Subscription required.)