Public debt approaching 65% limitPublic debt may exceed the cap of 65 per cent of GDP in the second half of this year, the ongoing National Assembly (NA) meeting heard on July 21. The global debt clock at The Economist has Vietnam’s public debt at $94.8 billion, or $1,040 per person. “As a result, total outstanding public debt was estimated at 62.2 per cent of GDP, inching quickly towards the ceiling of 65 per cent. Domestic debt was more than VND1,000 trillion ($47 billion) and foreign debt VND800 trillion ($39 billion). The cap on public debt is 65 per cent of GDP.

Source: VietNamNet News July 25, 2016 05:26 UTC