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Public debt on the rise

by VTV408 June 2016 Last updated at 10:20 AM

VTV.vn - A HSBC report released last Friday has forecasted that the public debt-to-GDP ratio would approach the National Assembly’s limit of 65% in 2016.

By the end of 2015, Vietnam's public debt reached 62.2% of GDP, almost 2 times higher than that of four years ago.

The increase was explained by the disbursement of foreign loans and government bond issues. Meanwhile, real GDP is lower than previously forecasted. Expanding budget collection and curbing government spending would be focused on.

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