Public debt-to-GDP ratio drops to record low since 2015

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