Vietnam updates Public Debt Strategy through 2030

Vietnam has issued Decision No. 1989/QD-TTg to adjust and supplement its Public Debt Strategy through 2030. The updated strategy aims to ensure national financial safety and sustainability by aligning with central resolutions on state budget restructuring and public debt management.

Key objectives for the 2026–2030 period include controlling the state budget deficit according to National Assembly approvals and maintaining public debt within specific safety limits. Specifically, annual public debt is to be kept below 60% of GDP, government debt below 50% of GDP, and annual foreign debt below 50% of GDP. Additionally, the government's direct debt service obligation must not exceed 25% of total state budget revenue.