Fitch upgraded Vietnam’s outlook in April from stable to positive. Credit Rating Agency highlighted in the review Vietnam’s ability to sustain high growth and the brisk outlook of the economy. Vietnam’s public debt-to-GDP ratio also stands out, as it reflects the country’s capability to serve its debt and the potential for government investments in the future without substantial tax hikes.
Fitch forecasts that Vietnam’s public debt-to-GDP ratio will fall to 39 percent by 2022. That means that besides Vietnam’s present outlook of strong growth, the government has an option to increase investments in infrastructure projects if necessary to boost economic growth.