Vietnam mustn’t sacrifice stability for high-speed growth if it’s to become an investment-grade economy, Fitch Ratings has warned.
Stephen Schwartz, head of sovereign ratings in Asia Pacific for Fitch told Bloomberg News that the ratings company wants too see evidence that macroeconomic stability is more entrenched before considering further upgrades for Vietnam.
The country’s benchmark VN Index has risen 4 percent this year, on course for a seventh year of gains, while the dong has remained stable.
“In the environment of the global monetary tightening, the central banks in Vietnam and around the region need to stay vigilant” said Schwartz.
Much more on this story from Bloomberg Vietnam News