FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Shop House in Seria Town • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: +673 222 0178/+673 873 2975           >>           Man jumps on horse’s back after two shots of vodka – horse isn’t having any of it           >>           Kit Harington Teases Game Of Thrones Ending: "I Know Everything Now"           >>           Your Path Towards Food Freedom: Simple And Cheap Home Gardening Innovations           >>           Meditation Changes The Structure Of Your Brain, Cuts Stress In Half According To New Study           >>           Castor Oil Is Great For Thickening And Regrowing Hair, Eyelashes And Eyebrows           >>           BOMBSHELL: Proof GMOs cannot be contained — GM mosquitoes have successfully mated with wild mosquitoes, spreading GM traits           >>           Google will pay hackers who find flaws in top Android apps           >>           Wireless charging will make drones always ready to fly           >>           Oil Trades Above $51 As Heightened Risk Appetite Props Up Prices           >>           Blue Origin’s BE-4 rocket engine completes first hot-fire test           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


The Opening Ceremony of the Eco-Corridor and Mass Junjung Kasih and Kesyukuran Ceremony
October 22nd, 2017 | 07:15 AM


2017 Brunei Motor Show
October 28th, 2017 | 00:00 AM


Brunei Salebration
November 23rd, 2017 | 09:00 AM


JERUDONG PARK SCHOOL HOLIDAY SPECIAL
December 1st, 2017 | 00:00 AM


THE BRUNEI ISLAMIC TOUR EXPERIENCE
December 1st, 2017 | 00:00 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:37AM

Subuh

: 04:47AM

Syuruk

: 06:05AM

Doha

: 06:28AM

Zohor

: 12:06PM

Asar

: 03:24PM

Maghrib

: 06:05PM

Isyak

: 07:15PM

 



The Business Directory


 

 



Vietnam


  Home > Vietnam


Fitch Revises Outlook For Việt Nam To Positive


Containers loaded at Sài Gòn Port. Fitch has revised outlook for Việt Nam to positive from stable. - Photo baodautu.vn

 


 May 20th, 2017  |  08:31 AM  |   1678 views

HÀ NỘI

 

 Fitch Ratings has revised its outlook on Việt Nam’s long-term foreign and local currency issuer default ratings (IDR) to Positive from Stable and affirmed the ratings at "BB-."

This was stated by the credit rating agency in a press release published on its website on Thursday.

The credit rating agency said Việt Nam’s ratings reflected strong growth performance and prospects, persistent current account surpluses, manageable debt service costs and sustained foreign direct investment inflow. However, the ratings also reflected a high public debt ratio, low foreign-exchange reserve buffers, macro-prudential and banking sector risks and some structural indicators being weaker than those of peers, including per capita income and human development standards.

The policy-making focused on macroeconomic stability had supported strong levels of foreign direct investment (FDI) and helped maintain robust economic growth, Fitch said.

It cited statistics showing that Việt Nam’s real GDP expanded at 6.2 per cent in 2016, supported by the country’s export-oriented manufacturing sector and steady expansion in services, despite weakness in the mining and quarrying sectors from ongoing oil and gas industry downturn.

Fitch forecast that real GDP growth would improve gradually to 6.3 per cent in 2017 and 6.4 per cent in 2018, fuelled by continued FDI inflow into the manufacturing sector and strong private consumption expenditure.

Việt Nam’s foreign-exchange reserves also continued to improve to reach $37 billion by the end of 2016, from $28.5 billion in 2015.

Government debt continued to rise. Based on preliminary estimate of authorities, government debt to GDP rose from 50.1 per cent at the end of 2015 to 53.4 per cent at the end of 2016. If explicit government guarantees were included, overall public debt reached 63.7 per cent, just short of the official 65 per cent debt ceiling.

Fitch expected that Việt Nam would avoid breaching the debt ceiling as the Government reaffirmed its commitment to remain within the ceiling through fiscal measures and limits on guarantee issuance. Fiscal deficit was expected to remain close to 5.7 per cent of GDP in 2017-18.

Although Fitch’s banking sector outlook for Việt Nam is stable, some challenges remain. The agency believes the large stock of non-performing loans (NPLs) is likely to take time to resolve due to legal impediments and the 2.5 per cent reported system NPL ratio at the end of 2016 understates actual asset quality issues.

“While improving economic performance is likely to support lower NPL formation, a rapid and sustained increase in credit growth poses a risk to financial stability in the medium term,” Fitch said in the press release.

Overall credit growth at the end of 2016 was some 18 per cent and the official credit growth target for this year has been capped at 18 per cent.

Moody’s Investors Service late last month also affirmed the Government of Việt Nam’s B1 issuer and senior unsecured debt ratings and revised the outlook to positive from stable. – VNS

 

 

 


 

Source:
courtesy of VIET NAM NEWS

by Viet Nam News

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Give Federal Allocations Directly To State Agencies, Ministries — Radin

 2017-10-21 09:34:15

Afghan Suicide Mosque Attacks Kill Scores Of Worshippers

 2017-10-21 09:41:54

Oil Trades Above $51 As Heightened Risk Appetite Props Up Prices

 2017-10-21 10:06:32