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Fitch ratings: Vietnam's economy is bright spot in the region

by VTV403 November 2019 Last updated at 11:00 AM

VTV.vn - Vietnam is the most stable and fastest-growing market in the Asia Pacific region, compared to other countries with the same global credit rating.

This was the latest announcement of Fitch ratings, an American credit rating agency.

While Vietnam's trust rating is rising, the rates of other countries in Asia Pacific such as Mongolia, Sri Lanka, and Pakistan have seen decreases. According to Fitch Ratings, one reason for this is that Vietnam has maintained macroeconomic stability, while other countries have become less stable due to external influences.

The country's current account surplus will help strengthen its economic resilience. Meanwhile, the liquidity ratio of Vietnam has now exceeded the average of same-class countries.

Earlier in May, Fitch ratings also raised Vietnam's prospects to "positive".

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