The Government has affirmed that Viet Nam’s public debts are still within the limit.

According to a report sent to National Assembly deputies on June 3, the Government has mobilized a total amount of lending capital worth approximately VND690,910 billion since the Law on Public Debt Management took effect in 2010.

By December 31, 2012, Viet Nam’s public debts, government debts, and debts owed by foreign entities accounted for 55.4%, 43.1% and 42% of the country’s GDP, respectively.

The reports showed public debts are lower than the permitted level at 65% of GDP, within the strategic framework of national public management for the 2011-2020 period with a vision to 2030.

28% of debt owners are Government bond holders. Japan is among the biggest debt owners, accounting for 17% of Viet Nam’s total external debts, followed by the World Bank (WB), 13%, and the Asian Development Bank (ADB), 8%.

Most of Viet Nam’s public debts come from Government bonds, official development assistance (ODA) and incentive loans from international donors, said the report.

(Source: VOV)