Fitch Ratings predicts favorable medium-term outlook in Vietnam

Credit rating agency Fitch Ratings has upgraded Vietnam's long-term issuer default ratings (IDRs) to ‘BB+,' reflecting a favorable medium-term growth outlook in the Southeast Asian nation. The outlook is underpinned by robust foreign direct investment (FDI) inflows, according to its recent report. Vietnam had attracted over US$36.6 billion in foreign investment as of December 20, a rise of 32.1 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. The agency also noted that Vietnam’s foreign exchange reserves had reached $89 billion as of end-September 2023, after a sharp decline in 2022. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!