Public Debts Increase To VND2,350trn

News: The total public debts of Vietnam, comprising government debts, local government debts and debts guaranteed by the government, stood at VND2,350trn (USD110bn) at end-2014, according to the latest World Bank report. The report has warned on the lasting financial imbalance of Vietnam that has become an issue of concern amid rising public debts. The proportion of public debts to GDP grew to 59.6% in 2014, from 50% in 2011. The Vietnamese finance ministry predicted that the total public...

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