Vietnam's public debt ration decreases

by VTV425 September 2018 Last updated at 10:39 AM

VTV.vn - Vietnam's public debt ratio fell from 63.7% of at the end of 2016 to about 61.4% this year, announced the Ministry of Planning and Investment at the online conference assessing the socio-economic development in 2018.

The debt of more than 3.4 trillion VND or 148 billion USD is calculated to decrease in the coming year. Budget revenue increased by 3% compared with the estimate of 1.35 trillion VND or 74 billion USD. Budget overspending was about 3.67% of . Exports continue to grow and the inflation rate is under control. According to the ministry, Vietnam's  in 2018 is expected to reach 6.7% or higher. The economy is estimated to reach 5.55 trillion VND, or 240.5 billion USD, and  per capita income has increased by 155 USD over the last year.

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