Vietnam borrowed an additional $1 billion in 2010, raising its total foreign debt to $29 billion, according to the Ministry of Finance. It was equivalent to around 28 percent of Vietnam’s GDP of $104 billion last year. Of the amount government debt accounted for $25 billion and loans for state-run companies and organizations accounted for [...]
Vietnam’s foreign debt this year is expected to rise to 42.2per cent of the GDP which is considered acceptable by economists. Members of the Parliament at the opening session of the 8th meeting of the 12th National Assembly being held in Hanoi. The figure was given by Prime Minister Nguyen Tan Dung in a socio-economic [...]
Viet Nam should reduce the level of debt it owes to foreign lenders and increase domestic debt in order to avoid foreign exchange rate-related risks, said the vice chairman of the National Financial Supervisory Committee, Le Xuan Nghia. “In each industry and locality, we need to clearly calculate how much investment can we mobilise from [...]
Ministry of Finance has published detailed figures on foreign debts of Vietnam, as required by the government. Nevertheless, there is a difference of six months between the time those data were obtained and the time of publication. Till 31 December 2009, total foreign debt was $27.929 (including government’s foreign debt and debt guaranteed by the [...]
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