Government seeking to keep public debt ceiling at under 60% of GDP by 2030

Vietnam plans to keep its public debt level to no more than 60 per cent of GDP by 2030 and external debt to less than 45 per cent of GDP. According to a Ministry of Finance report, the public debt to GDP ratio has decreased over time. As of the end of June 2021, the government’s debt was more than VND3.1 quadrillion ($133.8 billion), of which foreign loans were more than VND1.1 quadrillion ($47.5 billion).