(VOVworld) - Fitch Ratings has affirmed Vietnam’s Long-Term Foreign- and Local-Currency Issuer Default Rating at “B+”. The Outlooks on the Long-Term IDRs are revised to Positive from Stable. The Country Ceiling is affirmed at “B+” and the Short-Term Foreign Currency IDR at 'B'.

The revision of the Outlook on Vietnam’s IDRs to Positive from Stable reflects the following an improvement in macroeconomic stability. The economy has begun to recover following a difficult period after austerity measures were implemented in early 2011. Real GDP grew 5.4% in 2013 (5.2% in 2012) as both domestic and external demand picked up. Fitch forecasts real GDP to grow 5.7% and 5.9% in 2014 and 2015.