Monetary policy must prioritize inflation control

Monetary policy must prioritize inflation control

According to Assoc. Prof. Dr Pham The Anh, economic growth tends to slow down, while the growth rate of public debt is higher than economic growth.
Public debt safety indicators are strictly controlled

Public debt safety indicators are strictly controlled

VCN - The Government's report on the public debt in 2022 and 2023 shows that the debt target by the end of 2022 is expected to be within the ceiling limit and safety warning threshold approved by the National Assembly.
The strength of the economy and fiscal policy help Vietnam to rise in credit rating

The strength of the economy and fiscal policy help Vietnam to rise in credit rating

Moody's Investors Service upgraded the Government of Vietnam's long-term issuer and senior unsecured rating from Ba3 to Ba2 and changed the outlook from stable to positive
Public Debt Strategy by 2030: towards public debt safety and national financial security

Public Debt Strategy by 2030: towards public debt safety and national financial security

VCN – The Public Debt Strategy Project by 2030 is one of the nine strategies in the finance sector’s strategic system which has been approved by the Prime Minister, and is an important basis to continue reforming public debt management in a sustainable an
VN manages to control public debt

VN manages to control public debt

Việt Nam managed to control public debt within a safe level with gradually slowing year-on-year increases. However, according to the Ministry of Finance, the economy was severely hit by the COVID-19 pandemic in the past three years.
New points in the Public Debt Strategy

New points in the Public Debt Strategy

VCN - The public debt strategy to 2030 which has been approved by the Government has set specific goals for the public debt management in the new period. To do this, the assessment of the impacts of loans on public debt balance, Government debt and debt r
Public debt not to exceed 60% of GDP by 2030

Public debt not to exceed 60% of GDP by 2030

VCN - Deputy Prime Minister Le Minh Khai has just signed Decision 460/QD-TTg dated April 14, 2022 approving the Strategy for Public Debt to 2030. In which, it is expected that by 2030, public debt will not exceed 60% of GDP and Government will not exceed
Accelerating disbursement of public investment capital to realize growth goals

Accelerating disbursement of public investment capital to realize growth goals

It is necessary to create a mechanism to implement flexible regulations in adjusting projects, capital and decentralization in order to disburse faster, especially key traffic projects.
Debt indicators are all within safety margin

Debt indicators are all within safety margin

Deputy Minister of Finance Tran Xuan Ha stated that effective management of ODA and foreign loans was a key task of the Department of Debt Management and External Finance in 2022.
Balancing budget and public debt contributes to ensuring national financial security

Balancing budget and public debt contributes to ensuring national financial security

VCN - According to a representative of the State Budget Department (Ministry of Finance), the implementation of the recommendations in the Public Expenditure Assessment Report has helped achieve the goals of balancing the budget and public debt, thereby c
Budget deficit expected to be about 3.8% of GDP in the 2022-2024 period

Budget deficit expected to be about 3.8% of GDP in the 2022-2024 period

It is expected that the average state budget deficit is about 3.8% of GDP; public debt by 2024 will be about 43-44% of GDP
The Ministry of Finance is flexible in administration to ensure finance and budget in 2021

The Ministry of Finance is flexible in administration to ensure finance and budget in 2021

Dr. Le Duy Binh, Managing Director of Economyca Vietnam, spoke with Customs News about the role of the Ministry of Finance in managing the finance - budget.
Mobilization rate for state budget from 2021 - 2025 targeted to reach 15-16% of GDP

Mobilization rate for state budget from 2021 - 2025 targeted to reach 15-16% of GDP

VCN - The draft assessment report on results of implementing the 5-year socio-economic development task for the 2016 – 2020 period and the 5-year socio-economic development task for the 2021-2025 period, has presented many important objectives of the fisc
Closely control public debt and increase fiscal policy space

Closely control public debt and increase fiscal policy space

VCN- It is estimated that by the end of 2020, public debt will be about 56.8% of GDP; Government debt will be about 50.8% of GDP; the Government's direct debt repayment obligation to the State budget revenue ratio will be 24.1%
Take public debt ceiling increase into account to ensure goal of national financial security and stability

Take public debt ceiling increase into account to ensure goal of national financial security and stability

VCN - Before the impact of the Covid-19 pandemic, the Prime Minister had a policy to take the public debt rate increase of 2-3% of GDP into account to have more resources to support the economy.
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