SOE debt weighs heavily on government acting as guarantorVietNamNet Bridge - A State Audit report shows that by December 31, 2016, the government’s foreign debts had reached VND947 trillion, or 39.8 percent of total debts. As the enterprises cannot pay debts, the debt burden is on the government as the guarantor. As the enterprises cannot pay debts, the debt burden is on the government as the guarantor. However, it is very difficult to place the blame on individuals and agencies for ineffective investment projects. Under the current laws, public debt includes the government debt, the debt guaranteed by the government and the debts incurred by local authorities.