Fitch Ratings: Vietnam succeeds in lowering public debt

(VOVWORLD) - The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings. 
Fitch Ratings: Vietnam succeeds in lowering public debt - ảnh 1

Reporting at a workshop to assess Vietnam’s economic prospects amid macro challenges jointly held by Fitch Ratings and the Asset magazine in Hanoi on Monday, representatives from the US-based rating agency decided to lift  its outlook on Vietnam's 'bb' credit rating to 'positive' from 'stable'. 

The Government of Vietnam continues to drastically realise its commitment to consolidate its finance sector and control public debt, they said.
This organisation forecasts that Vietnam's public debt will continue to be brought down to about 46 percent of GDP by 2020.
Fitch predicts that Vietnam's economic growth will decrease slightly from 7.1 percent in 2018 to 6.7 percent this year and the next. This figure is still in the 6.6-6.8 percent growth target set by the National Assembly, and Vietnam will continue to be one of the fastest growing economies in the Asia-Pacific region, it stressed.