Fitch revises Viet Nam's outlook to positive, affirms rating at 'BB'


Source: bizhub.vn bizhub.vn

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Workers at Samsung Electronics Viet Nam in the northern province of Thai Nguyen produce smartphones for export. Viet Nam’s exports rose by about 7 per cent in 2020. VNA/VNS Photo Anh Tuan Fitch Ratings has revised Viet Nam's outlook to positive from stable and affirmed the long-term foreign-currency issuer default rating (IDR) at 'BB'. A report released on Thursday by the rating agency says the positive outlook reflects Viet Nam's growth and public finances' resilience to the COVID-19 pandemic shock, and continued strengthening of external finances due to persistent current account surpluses and rising international reserves. Viet Nam was among...