Tin mới
Vietnam government debt is nearly $86 billion (06/07)
06/07/2016 - 17 Lượt xem
As defined by the authorities, these are debts arising from loans in the country and abroad, which were signed on behalf of the State and Government or other loans signed, released, or authorized by the Ministry of Finance.
With the debt, in 2014
alone, Vietnam had to pay expenses worth more than VND260 trillion ($12.38
billion).
This figure increased
compared to $75 billion in 2013. In comparison to the figure of 2010, when the
debt was at just over VND889 trillion ($44.45 billion), governmentdebt in 2014 doubled.
According to the debt
structure, domestic debt is still larger than foreign debt. Specifically, in
2014, foreign debt was over VND810 trillion ($40.5 billion) while local debt
was $47.6 billion.
As reported by the
Ministry of Finance, by the end of 2015, government debt was estimated at 50.3%
of the country’s GDP. Meanwhile, the permitted debt ceiling for the period
2011-2015 set by the 13th National Assembly XIII was 50% of GDP. Thus, the
government debt in 2015 was 0.3% higher than the ceiling.
US$1 = VND22,300
Source: Vietnamnet
