Vietnam’s public debt exceeds 61 percent GDP this year

Vietnam’s public debt exceeds 61 percent GDP this year

Vietnam’s public debt is expected to account for 61.1 percent of Gross Domestic Product (GDP) in 2018, which is within the allowable limit by the National Assembly and lower than expected in mid-term financial plan, according to the leader of the Department of Debt Management and External Finance under the Ministry of Finance.

Prime Minister Nguyen Xuan Phuc addresses national teleconference between the Government and localities

PM: growth needed to address employment, reduce public debt

Growth is an inclusive target of Vietnam, which will assist the country in addressing employment, increasing budget collection and reducing public debt, Prime Minister Nguyen Xuan Phuc stressed at a national teleconference between the Government and localities on July 2.