Fitch Ratings has affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ and revised the outlook to positive.
ADB projects Vietnam’s economic growth to exceed 7 per cent in 2018, led by robust export growth, rising domestic consumption, and strong investment fueled by continued foreign direct investment.
Viet Nam has low average incomes, a rapidly aging population and low labor productivity, and it is running a risk of becoming a society defined by "modest wealth, old age and high debt”.
World Bank's Lead Economist for Vietnam Sebastian Eckardt said that it is possible for Vietnam to achieve its full-year GDP growth target of 6.7 per cent if the momentum in Q3 2017 is carried forward to the Q4.
The Government of Vietnam and the World Bank released the report "Vietnam Public Expenditure Review: Fiscal Policy towards Sustainability, Efficiency and Equity" on October 3 in Hanoi.
The ratio of public debt to GDP of Vietnam was estimated at 63.7% by the end of 2016, according to the World Bank.