2 Ability to control public debt In the period 2011 2015 Vietnams public debt

2 ability to control public debt in the period 2011

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2. Ability to control public debt In the period 2011 - 2015, Vietnam's public debt grew at a high rate, in which the public debt growth rate in 2011 reached nearly 25%. In 2015, the scale of estimated debt was about VND 2.6 million, more than 2 times higher than that of 2010. However, most of Vietnam's public debt indicators are within safe limits. In 2015, total public debt / GDP reached 61%, lower than the safety threshold of 65% set by the National Assembly. In terms of public debt structure compared to GDP, the scale of public debt in Vietnam increased rapidly, from 56.3% of GDP in 2010 to 61.0% of GDP in 2015, of which the government debt / GDP increased from 44.6% of GDP to 49.2% of GDP by the end of 2015; Foreign debt / GDP reached 42.0%, lower than the safety threshold of 50%. Vietnam's debt service ratio / total state budget revenue is high and tends to increase. Government debt (government debt and government-guaranteed debt) has increased from 1.57 times of total state budget revenue in 2010 to 1.84 times in 2013 and about 2.07 times in 2015. The Government's direct debt repayment / State budget revenue is 14.9% lower than 2015, lower than the allowed level of 25%. The scale of public debt increasing rapidly compared to the State budget revenue will create a great pressure on debt repayment sources. Vietnam's public debt to GDP ratio is on the rise and is higher than other countries in the region. According to the International Monetary 5 REPORT TITLE
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Fund (IMF), from 2010 to the present, while the public debt / GDP ratio of countries in the region has tended to stabilize or decrease, the public debt / GDP ratio of Vietnam has uptrend. 3. Evaluate the efficiency of public debt management o Achivement The target of public debt and foreign debt of the country is still within safe limits, ensuring national financial security. The form of loan mobilization is increasingly diverse and flexible, paving the way for the formation and synchronous development of financial markets. In addition to mobilizing ODA concessional loans, foreign commercial loans, borrowing through the issuance of domestic Government bonds, it is also an effective tool to mobilize capital from the state. The structure of loan currency is diverse, especially in recent years, the VND and USD exchange rates have been relatively stable.
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