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VCSC Daily - Index snaps losing streak on strong day from banks - BVH, POW, HVN, MWG, DQC

Fitch revises Vietnam’s long-term rating outlook to positive, expects 6.7% GDP growth in 2019. On May 9, Fitch Ratings revised Vietnam’s outlook to positive from stable while maintaining the long-term foreign currency issuer default rating (IDR) at BB. This revision is in response to strengthening external buffers from persistent current account surpluses, falling government debt levels, high economic growth rates and stable inflation.