Vietnam finance ministry allays concerns about local governments’ debts
A representative of the finance ministry has allayed concerns that many local governments are struggling financially, after local media reported two agencies in the southern region are drowning in debt.
Speaking to news website VnExpress on 7 December, Vo Thanh Hung, chief of the ministry’s budget department, admitted that the financial situations of the government and Party agencies in the southern provinces of Ca Mau and Bac Lieu are “unusual.”
However, he said, the ministry will tighten fiscal discipline at local governments to prevent similar problems at other places.
