Public debt-to-GDP ratio drops to record low since 2015
VGP – As of December 31, 2018, Viet Nam’s public debt-to-GDP ratio dipped to a five-year low of 58.4%.
According to a Government’s report which was presented on May 20 to the National Assembly, Viet Nam’s public debt accounted for 58.4% of GDP, the record low since 2015.
Government’s direct debt payment made up 15.9% of budget collection. National foreign debt accounted for 46% of GDP.
The figures were lower than the scenario which was forecast by the Ministry of Finance (MoF) at the end of 2018. Accordingly, the MoF projected it at 61.4% of GDP.
The Government attributed the figures to better macro-economic foundation, and an 11-year record GDP growth rate./.
By Kim Anh