Keeping public debt below 60% of GDP by 2030 targeted
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Vietnam is targeting to control public debt below 60% of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security.
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Vietnam is targeting to control public debt below 60% of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security.
Deputy Prime Minister Le Minh Khai signed Decision No. 448/QD-TTg approving a plan on public debt management for 2022-2024 and public debt payment for 2022.
The Government plans to keep Viet Nam's public debt at no more than 60 percent of GDP through 2030, according to its latest strategy released Thursday.
Vietnam's economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by nearly 8 percentage point of GDP since 2016, and a trade balance surplus for fourth year in a row, according to the World Bank (WB)'s report released on December 17.
