This comes after activity accelerated in Q3 thanks to a … The latest comprehensive information for - Vietnam Government Debt to GDP - including latest news, historical data table, charts and more. Vietnam Government debt accounted for 48.5 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 48.0 % in the previous year. However, the tourism sector remained downtrodden due to the border closure. Vietnam government debt to GDP ratio data is updated yearly, available from Dec 2010 to Dec 2020. Vietnam - Public Debt, % of GDP. In October, industrial production gained steam on a stronger manufacturing sector, while retail sales expanded notably and exports surged. Vietnam trade to gdp ratio for 2018 was 208.31%, a 7.92% increase from 2017. The debt-to-GDP ratio is the ratio of a country's public debt to its gross domestic product (GDP). A fiscal deficit will naturally imply additional borrowing. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. Vietnam’s public debt to GDP ratio is nearing the government mandated ceiling of 65%. Vietnam trade to gdp ratio for 2017 was 200.38%, a 15.7% increase from 2016. Vietnam is among countries having the fastest-growing debt-to-GDP ratio in the world with an annual growth rate of about 10 percent in the last five years although the country has gained outstanding economic growth, according to the World Bank’s report on Vietnam economic update released yesterday. Việt Nam is amending the 2009 Law on Public Debt Management aiming to control public debt and balance the … However, assuming that debt repayment is unchanged, Fitch Solutions estimates public debt-to-GDP to rise slightly to 57.0% at end-2020, from the government’s estimate of 56.1% in 2019. Given a strong economic growth in 2021, Fitch Solutions predicts Vietnam’s public-debt-to-GDP ratio to 55.8%, well below the government’s statutory limit of 65%, which is lower than the estimated 57% in 2020. Fitch Solutions, a subsidiary of Fitch Group, forecasts Vietnam’s budget deficit (excluding debt payment) in 2021 at 3.6% of GDP, which is lower than the government’s estimation of 4.0% released in October 2020. Vietnam trade to gdp ratio for 2019 was 210.40%, a 2.09% increase from 2018. Domestic credit to private sector (% of GDP) International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. Vietnam - External Debt The economy began the fourth quarter on a robust footing according to available data. Vietnam’s public debt is expected to make up 54.3% of the country’s GDP by end-2020 – PHOTO: HAI NGUYEN HCMC – Vietnam’s public debt is projected to reach 54.3% of the country’s gross domestic product (GDP) by the end of 2020, before easing further to 53.3% in 2021 and 52.7% in 2022, according to the Ministry of Finance. License : CC BY-4.0 Vietnam’s public debt is expected to make up 54.3% of the country’s GDP by end-2020 – PHOTO: HAI NGUYEN HCMC – Vietnam’s public debt is projected to reach 54.3% of the country’s gross domestic product (GDP) by the end of 2020, before easing further to 53.3% in 2021 and 52.7% in 2022, according to the Ministry of Finance. Vietnam : Table - Public debt (% of GDP) HOUSEHOLD DEBT IN VIETNAM: AN OVERVIEW By Le Phu Loc, Ngo Thi Huyen Linh, Tran Le Hoang An, Truong Hoang Diep Huong, Can Thi Thu Huong, Vu Thi Kim Chi and Nguyen Thanh Huyen Introduction Over the past two decades, household borrowings worldwide has increased significantly, both in absolute terms and relative to household income, reaching record levels. The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Ministry of Finance statistics showed that public debt ratio was at 64.73 per cent of GDP and central government debt at 53.62 per cent at the end of 2016. Vietnam - Public Debt National Assembly approves constrained 2021 budget to rein in deficit . Vietnam Economy Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC By Thanh Thom Tuesday, Jan 14, 2020,12:11 (GMT+7) Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBCBy Thanh Thom Vehicles travel on Vo Van Kiet Avenue in HCMC. Central government debt, total (% of GDP) International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. In recent years, Vietnam successfully reversed the rapid rise in public and publicly guaranteed debt, which declined to 55.6 percent of GDP at end-2018, down 4 points of GDP from its 2016 peak. If the ratio indicates that a nation cannot pay its government debts, there is a risk of default, which could wreak havoc on the markets. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Public debt has heated debate in Vietnam when the Ministry of Planning and Investment said the nation’s public debt should be 66.4% of GDP at the end of 2014, above 59.9% initially reported if the provision for contingent liabilities were taken into account. However, the debt remains exposed to currency risks as 46% of the public debt is denominated in foreign currency. Relative to the 2020 budget—approved before the Covid-19 pandemic—both revenue and expenditure are seen declining notably, and the budget deficit is seen narrowing. Vietnam’s national debt had reached more than VND2,600 trillion ($116 billion) as of the end of 2015, equal to 62.2 percent of gross domestic product (GDP), said the country's Finance and Budget Commission in a report on the country’s debts and obligations for 2016-2020. License : CC BY-4.0 Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . It also said the inflation rate in 2020 was probably 3.3 percent, much below the 4 percent target set by the State Bank of Vietnam. On 12 November, the National Assembly approved the 2021 state budget. Below you will find the last recordings for the indicator : Public debt (% of GDP). Ngoc Thuy. The analysed country is : Vietnam. This is because the budgeted debt repayment amount would exceed the estimated deficit for the year. Such sudden growths in household … This road was funded by official development assistance loans – PHOTO: VNA HCMC – If the Vietnamese Government continues its… years has reached almost 5-6% of GDP, while, according to MoF, public debt and external debt respectively rose to 56.3% and 42.2% of GDP in the end of 2010. State budget revenue hits 98 per cent of annual target. The debt-to-GDP ratio is usually expressed as a percentage and is used to indicate whether or not a country can pay back its debts. In 2019, Vietnam's public debt was estimated to be 54.1 percent of the total gross domestic product (GDP). As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. That's the best way to accurately determine how spending in each fiscal year contributes to the debt and to compare it to economic growth. Moreover, poor management added to recent economic difficulties have resulted in some SOEs’disapointing performance, loss and driven them to the verge of bankruptcy. Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC If the Vietnamese Government continues its fiscal consolidation, the public debt-to-gross domestic product (GDP) ratio could be further reduced, possibly reaching below 57% by 2021, said an HSBC report. Specially, significant increase in accumulated public debt in Vietnam after the global financial crisis in 2007-08 raises concerns regarding sustainable growth in medium to long-term. In 2015 Vietnam public debt reached a record 64 per cent of GDP while the median debt-to-GDP ratio among Vietnam's peers is 42 per cent Vietnam The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. The lowest data : 2000 is the lowest year for the indicator : Public debt (% of GDP). Vietnam’s public debt is expected to make up 54.3% of the country’s GDP by end-2020 – PHOTO: HAI NGUYEN HCMC – Vietnam’s public debt is projected to reach 54.3% of the country’s gross domestic product (GDP) by the end of 2020, before easing further to 53.3% in 2021 and 52.7% in 2022, according to the Ministry of Finance. The data reached an all-time high of 52.7 % in Dec 2016 and a record low of 39.4 % in Dec 2012. In fact, Vietnam’s total public debt increased from approximately 40% of GDP in 2007 to 56.3% of GDP in the end of 2010, slightly decreased to 54.9% of GDP in In 2016, Vietnam cancelled its civilian nuclear energy development program, citing public concerns about safety and the high cost of the program; it faces growing pressure on energy infrastructure. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. Overall, the country’s infrastructure fails to meet the needs of an expanding middle class. Vietnam’s public debt is projected to reach 54.3% of the country’s gross domestic product (GDP) by the end of 2020, before easing further to 53.3% in 2021 and … Hanoitimes. The statistic shows the national debt of Vietnam from 2015 to 2018, with projections up until 2025. The debt and GDP are given as of the end of the third quarter (unless otherwise noted) in each year to coincide with the end of the fiscal year. Vietnam debt to gdp ratio for was 0.00%, a 0% increase from . The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). “If Vietnam’s real GDP is 30 percent higher, the figure will be much higher than VND5,000 trillion, and the real public debt proportion will be smaller. The public debt-to-GDP ratio should decrease slightly, favoured by the growth momentum and a contained budget deficit. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization. Though the country escaped the worst effects of the pandemic, its businesses and consumers affected by Covid-19 needed great support, but it would be difficult since Vietnam’s public debt-to-GDP ratio was 65 percent. The result is: 31.43 %.
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