return icon

Gov't: Public debt remains at safe level

 VietNamNet Bridge – As of December 31, 2013, public debt, Government debt and foreign debt was 55.4%; 43.1% and 42%, respectively, remaining in safe waters, according to Deputy PM Vu Van Ninh.

VietNamNet Bridge – As of December 31, 2013, public debt, Government debt and foreign debt was 55.4%; 43.1% and 42%, respectively, remaining in safe waters, according to Deputy PM Vu Van Ninh.



The Deputy PM has submitted a detail report on loan spending and public debt management to the National Assembly’s on-going fifth session.

Regarding loan structure, the Government’s direct loans accounted for 78% of total public debt; Government-guaranteed loans 21%; and local loans 1%.

The structure matches the national orientations on public debt management and foreign debt in 2011-2020 with a vision towards 2030.  

According to the report, domestic investors of Government bonds represented 28% of the public debt structure. Japan is the biggest lender, occupying 17%; followed by the World Bank 13%; the Asian Development Bank 8%.  Other creditors held 34%.

Viet Nam’s public debt came from Government bonds, ODA and foreign sponsors.

In addition, foreign loans have long-term durations, from 25 to 30 years, and low interest rates at 1-1.25% per year.  

The Government has borrowed around VND690,910 billion over the last three years since the Law on Public Debt Management took effect on January 1, 2010.

Specifically, Government bonds were VND288,739 billion; foreign loans VND256,918 billion and mobilization of domestic capital VND165,253 billion.

Of the loans, 53.8% were spent on offsetting State budget overspending; 21.8% for projects on transport, irrigation, education and healthcare; and 24.4% for national target programs.

Source: VGP


Successor for Coach Park Hang-seo to arrive in Vietnam soon

If the negotiations are successful, coach Philippe Troussier may sign a contract with the Vietnam Football Federation (VFF) this week, becoming the successor to coach Park Hang-seo to lead Vietnam’s national football teams.

Positive signs ahead for Vietnamese pangasius exports to US, China

Despite a significant fall in exports in 2022, there are bright prospects ahead for pangasius exports this year thanks high demand from China and the United States – the two major markets for Vietnam, according to insiders.

Vietnamese students win gold at Invention Creativity Olympic 2023

Four Vietnamese students from Le Hong Phong High School for the Gifted in the northern province of Nam Dinh won a gold medal at the World Invention Creativity Olympic (WICO) 2023, which recently concluded in the Republic of Korea (RoK).

MIC acts as cradle for digital tech firms to test their products

Minister of Information and Communications Nguyen Manh Hung stressed that MIC is the leading ministry in the Make-in-Vietnam campaign and serves as the cradle for technology firms to experiment with and develop products.

Hanoi among world's top culinary destinations in 2023

Hanoi was voted by readers of the world's largest travel platform Tripadvisor as one of the world's top 20 culinary destinations in 2023.

Vietnamese young people set off for military and public security service

In 2023, more than 4,200 young people in Hanoi will perform military and public security service.


Improvement of consular services to continue: official


Agro-forestry-fishery exports reach 3.7 bln USD in January

Sister Sister 2 to compete at 2023 Osaka Asian Film Festival

"Chị chị em em 2", known as “Sister Sister 2” in English, directed by Vu Ngoc Dang will represent Vietnam at the 2023 Osaka Asian Film Festival scheduled to get underway from March 10 to 19.

VN representative wins first runner-up title at Mrs Universe 2022

Hoang Thi Thanh Nga, the Vietnamese representative at Mrs Universe 2022, was awarded the first runner-up title during the beauty pageant’s grand final held in Bulgaria on February 5.

Proposal to allow HMC City hospital to culture SARS-CoV-2 virus

HCM City’s Health Department has proposed the Ministry of Health permit the city's Hospital for Tropical Diseases to culture the SARS-CoV-2 virus in its laboratory.

Vietnam's Phuoc Thinh finishes fifth at Mister Tourism World 2023

Vietnamese model Phung Phuoc Thinh claimed the fifth runner-up title at the Mister Tourism World male pageant which concluded in the Philippines on February 4.

Over 80% of real estate bonds have low creditworthiness: FiinRatings

Over 80% of real estate bonds have been issued by unlisted firms that are financially weak and have low transparency, said the credit rating agency FiinRatings.

Panama-flagged AH SHIN catches fire in Vietnamese waters

Relevant forces are attempting to put out a blaze which broke out on the Panama-flagged AH SHIN in the waters off Ba Ria – Vung Tau province, southern Vietnam.

Vietnam wins numerous ASEAN tourism awards

Many units of Vietnam were named in categories of the ASEAN Tourism Awards at a ceremony held as part of the ASEAN Tourism Forum (ATF) 2023, which wrapped up in Jakarta, Indonesia on February 5.