Fitch raises sovereign rating for VietnamFitch Ratings has upgraded Vietnam's sovereign rating based on rising foreign-exchange reserves and strong economic growth. Most economic forecasts since early April said Vietnam’s GDP growth will be 6.5 percent or higher in 2018. Meanwhile, the World Bank (WB) on April 12 forecast Vietnam’s economic growth to stabilise around 6.5 percent in 2018. The International Monetary Fund (IMF) projected Vietnam’s economy to grow by 6.6 percent this year and 6.5 percent the following year in its report namely “World Economic Outlook, April 2018”. Vietnam’s economy enjoyed a strong economic expansion of 7.38 percent in the first quarter of this year, the best first-quarter performance in the last decade, according to the General Statistics Office of Vietnam.-VNA

Source: VietNamNet News May 15, 2018 04:41 UTC