External debt to stay within limits

Deputy Prime Minister Nguyen Xuan Phuc elaborated that the country’s foreign exchange debts were mostly found in short-term loans by businesses and credit institutions, and debt repayments were being carried out in a proper manner.

He said that the government’s debt servicing accounted for 13.8% of the state budget in 2014 which was forecast to rise to 16.1% this year. A 25% limit was set by the National Assembly.