Vietnam Outlook

Fitch has affirmed Vietnam's sovereign credit rating at 'BB' with a 'positive outlook.'

The growth momentum in 2022 has created the space and conditions for effective monetary and fiscal maneuvering in 2023.

The country’s economic performance next year will remain solid despite strong headwinds.

The real estate market is expected to heat up in the remainder of the year, thanks to the bright economic outlook, the Government’s push for major infrastructure projects, and high demands for housing.

Vietnam’s positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investment inflows.