World Bank report casts doubt on Vietnam’s actual debt burden
Local economists have advised the Vietnamese government to be extremely careful with spending because its public debt has reached a dangerously high level.
They raised their concerns after the World Bank reported that Vietnam’s public debt exceeded US$110 billion last year. The figure is higher than the government’s estimate of $84 billion.
Economist Do Thien Anh Tuan said the government had its own criteria when calculating public debt, so he was not surprised to see the huge mismatch.
