HÀ NỘI — There is an increasing risk that Việt Nam’s public debt will exceed a national red line, the Ministry of Planning and Investment (MPI) said in its latest report. In Việt Nam, public debt includes Government debt, debts underwritten by the Government, and debts incurred by provincial and municipal authorities. The Voice of Việt Nam (VOV) reported that the inefficient use of the State budget nationwide exposed the risk for public debt. Industry insiders said the Government still regularly assists these firms either with capital supplements, or debt wiping, or swap–moves that require it to issue bonds and cause public debt hikes. "The Government has made commitments to ensure public debt sustainability and to rebuild fiscal buffers.

Source: Viet Nam News September 15, 2016 03:45 UTC