Vietnam's public debt declines this year


(MENAFN) Vietnam's public debt to GDP ratio is estimated at some 61.4 percent this year, down 2.3 percent against 2017, the country's Ministry of Planning and Investment said.

The country's gross domestic product (GDP) currently stands at around USD221.7 billion, so its public debt this year will be USD136 billion.

The state budget collection in 2018 is estimated to top USD58.7 billion, up 5.5 percent against 2017, said the ministry, while the budget deficit will be around 3.67 percent of GDP.

The total investment in the country this year is expected to surge 13.3 percent to nearly USD82.2 billion, while disbursed capital of foreign direct investment projects is forecast to increase 2.8 percent to USD18 billion.

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