public debt

Update news public debt

Government rushes to borrow money for spending

VietNamNet Bridge - The government plans to borrow VND116 trillion this year to cover ispending, as a report to the National Assembly shows a budget deficit.

Public debt exceeds 62 percent of GDP, Vietnam walks tightrope

VietNamNet Bridge - The revenue of the state budget is not big enough to cover expenses, but Vietnam cannot continue borrowing big money.

Guarantees for loans to be shouldered by banks, not government

VietNamNet Bridge - The government plans to transfer its burden of acting as a guarantor for loans to commercial banks in an effort to better control public debt.

Post TPP outlook bright for VN economy: experts

 VietNamNet Bridge – A brighter outlook is forecast for the Vietnamese economy this year and the following years amid difficulties and challenges, according to economic expert Nguyen Quynh Nga.

Development partners worry about Vietnam’s public debt

VietNamNet Bridge - Investors have repeatedly voiced their concern about Vietnam’s public debt which has been increasing rapidly, and about the national default risk, according to Le Xuan Nghia, head of the Business Development Institute (BDI).

Public debt unsustainable

VietNamNet Bridge - Spending too much while income is limited, according to experts, is the main reason behind the current worrying situation of public debt.

International bond issuance won’t lead to increase in government’s debts: MOF

MOF has reassured the public that the international bond issuance for debt swap will not lead to an increase in the government’s debts, while the public debt indexes will be maintained within the safety line.

Public debt - exerting control

 After five years of implementation the Law on Public Debt Management is to be amended to conform to international practice. Particularly noteworthy are the extent of public debt management and the responsibility of stakeholders in spending.

Vietnam’s public debt exceeds $1,000 per head threshold

VietNamNet Bridge - Vietnam’s public debt is still within the safety line, but there are latent high risks.

Confidence decreases as CDS index rises

VietNamNet Bridge - The credit default swap (CDS), the index that measures the risk of holding government bonds, increased in the last two months of the third quarter of 2015, showing foreign investors’ concern about Vietnam’s public debt.

Official refutes think tank’s calculation of public debt

A finance ministry official has refuted the figure of public debt in 2014 as given by the Policy and Development Institute under the Ministry of Planning and Investment, saying that the method of calculation is not in line with regulations.

Recalculation shows Vietnam’s public debt at 66.4% of GDP

The Ministry of Planning and Investment (MPI), after a recalculation, has announced that Vietnam’s public debt in 2014 was equal to 66.4 percent of GDP, or 6.5 percent higher than the 59.9 percent rate made public before. 

Public debt well within Government's target

 VietNamNet Bridge – The nation's public debt was estimated at 62.3 per cent of the GDP by the year end, well within the Government's limit of 65 per cent.

Vietnam weighed down with debt as income per capita remains low

VietNamNet Bridge - Vietnamese income per capita is much lower than other regional countries, and the ratio of public debt on GDP is high and on the rise.

VND devaluation won’t affect public debt: economists

VietNamNet Bridge - Contrary to all predictions, economists have reassured the public that the weaker dong will not worsen the public debt burden of the state.

Gov’t takes precautionary measures to control public debt

VietNamNet Bridge - Though they believe that Vietnam’s public debt is not as dangerous as some international institutions say, government officials are applying measures to control the debt.

Fiscal policy, public debt are major problems, not inflation or monetary policy

VietNamnet Bridge - Concerns about public debt arose again after the Ministry of Finance (MOF) asked for VND30 trillion from the State Bank.

Vietnam’s public debts not too high, but still risky: economist

VietNamNet Bridge - The Ministry of Finance (MOF) said that Vietnam’s public debt was still within the safety line but economists say they can see high risks.

Solving public debt much more difficult than inflation

Deputy governor of the State Bank of Vietnam Nguyen Thi Hong said at the Government’s media briefing in Hanoi last week that the central bank is weighing the Ministry of Finance’s proposal for a VND30 trillion loan

More worries about public debt

The good news about the GDP growth rate of 6.28 percent in the first six months of the year, the highest in five years, has been overshadowed by a report from the World Bank (WB) that every Vietnamese citizen bears $1,200 in public debt.