The country needs to urgently come up with solutions to increase revenue, reduce spending and debt. It's important for Vietnam to learn how other countries have dealt with this problem in order to enhance national financial security. These countries include members of the Public Expenditure Management Network in Asia, referred to as PEMNA.
In order for the economy to grow sustainably, Vietnam needs to focus on slow disbursement and the inefficient use of public investments. It should also increase public investments in budget spending and prevent transfer pricing and multinational e-commerce businesses who avoid paying taxes.
