Vietnam is confronting challenges in the process of restructuring the public financial sector, Deputy Minister of Finance Do Hoang Anh Tuan said during a forum in Hanoi.
Credit taken out by Thai Beverage Co Ltd and its affiliates to fund the acquisition of a stake worth US$4.8 billion in Saigon Beer Alcohol Beverage (Sabeco) led Vietnam’s foreign debt to rise sharply in 2017, according to a recent Government report sent to the National Assembly.
The Government of Vietnam has targeted keeping the public debt ratio below 65% of gross domestic product (GDP) during 2016-18.
The following are Vietnam’s top ten economic events in 2016.
About US$1 billion from the State budget is spent for foreign loan and interest repayments every year, an official of the Ministry of Finance said on October 25.
Most of the foreign debt incurred by state-owned general corporations are in their core business fields, and as such they have to look for capital to run projects.
The State-run Shipbuilding Industry Corporation (SBIC) is to restructure 152 subsidiaries in 2015, General Director Vu Anh Tuan revealed at a conference setting the year’s tasks on January 16.
The eight session of the 13th National Assembly (NA) concluded on the November 28 afternoon after more than one month of working with a heavy agenda dealing with a number of important issues.
(VOV) - Vietnam’s 2011 public debt fell 1.9 percent over 2010 to 55.4 percent of the country’s gross domestic product (GDP), according to a Government report.