Vietnam’s public debt stands at 61.3% in 2017

Vietnam’s ratio of public debt to GDP stood at 61.3% at the end of 2017, lower than an earlier estimate of 62.6%, according to the Ministry of Finance.

Budget deficit target set at 3.7% of GDP

The Ministry of Finance (MoF) expects to keep this year’s State Budget deficit at 3.7 per cent of the GDP, below the 3.9 per cent mandated by the National Assembly.

Gov’t targets 6.7% 2018 GDP growth

Following impressive GDP growth of 6.81 per cent in 2017, the government has released a set of measures and priorities to achieve socio-economic development targets in 2018.

Economists fear big money supply may lead to high bad-debt ratio

To obtain a 20 percent credit growth rate this year, total outstanding loans will have to increase by VND1,200 trillion. In the last five last months of the year, VND700 trillion is expected to be pumped into circulation.

ODA report: debts heaped on debts

The Ministry of Planning and Investment (MPI) has been asked to explain to the National Assembly why ODA (official development assistance) loans have reached a total of VND600 trillion, twice as much as the amount approved by the NA.

2017 economic growth exceeds set target

The gross domestic product (GDP) growth in 2017 is estimated to expand by 6.81 percent, surpassing the Government’s set target of 6.7 percent.

Nation’s trade value up fourfold since 2007

After 10 years of membership in the World Trade Organisation (WTO), Việt Nam’s export and import value has increased four times to reach over US$400 billion, or 170 per cent of the gross domestic product (GDP), according to the General Department of Customs (GDC).
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