If Vietnam cannot control the public debts, this would be a big risk which is even bigger than the inflation rate or exchange rate problems in the next 5-7 years, according to Deputy Chair of the National Finance Supervision Council, Le Xuan Nghia. The hottest topics on international media these days are the loosened financial [...]
Figures from the Ministry of Finance show the public debt exceeded US$32.5 billion last year, amounting to 42.2 percent of the country’s GDP (gross domestic product). The figure is the highest foreign debt ratio since 2006, according to statistics from the ministry. It is also much higher than the 38.8 percent rate predicted by the [...]
The Asian Development Bank (ADB) has said it is not concerned about Vietnam’s public debt at the moment despite the recent Standard & Poor’s lowering of the country’s credit rating. Rajat M. Nag, managing director general of the regional lender, told reporters during the ADB’s annual meeting in Hanoi on Wednesday that the ADB was [...]
The World Bank and the International Monetary Fund (IMF) will review Vietnam’s public debt in the coming meeting of the Consultation Group (CG), scheduled on December 7-8 in Hanoi. Recent analysis by the WB and IMF shows that Vietnam’s public debt is under control, said WB country director Victoria Kwakwa. Risks will emerge if the [...]
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