Vietnam ensures payment for public debts

14:32 | 21/04/2016 Society

Vietnamese economists forecast that Vietnam is capable of paying 100% of the current public debt which has come close to the ceiling level.

Vietnam ensures payment for public debts

According to a report of the World Bank, Vietnam’s public debt hits 62.5% of GDP in 2016 and is expected to rise to 64.4% in 2017 and 64.7% in 2018.

Economists say these are short-term debts so they are expected to be paid within a short time.

Economist Vu Dinh Anh says Vietnam’s public debt is likely to rise close to the ceiling level: “Vietnam is capable of paying the debts and their interests. But we have to remember that our payment for due debts will increase according to their interests. We need to restructure the debts, save regular expenses, and reform administrative procedures. We need to improve the management of investment capital and increase the responsibility of debt using localities.”./.


Source: VOV5