Vietnam’s public, government debts in 2023 expected to be lower than set ceiling

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(VOVWORLD) - Vietnam’s public debt is expected to be around 37% of GDP, and government debt around 34%, lower than the set ceiling and warning threshold approved by the National Assembly, according to the Ministry of Finance.  
Vietnam’s public, government debts in 2023 expected to be lower than set ceiling - ảnh 1The Ministry of Finance's financial and budgetary conference take places in Hanoi on December 27, 2023. (Photo: dangcongsan.vn)  

At a conference in Hanoi on Wednesday to review financial and budgetary tasks this year and discuss plans for next year, the Ministry said effective the price and market management has helped address difficulties for production and business activities, control inflation, stabilize people's lives, and enhance state management of the stock, corporate bond, and insurance markets.

"I believe that the Ministry of Finance will continue to build on the achievements of this year to excellently fulfill the financial and budgetary goals for next year,” said Deputy Prime Minister Le Minh Khai.

This will create favorable conditions to achieve the economic development goals of the 5-year plan until 2025 and 10-year strategy until 2030 in line with the Resolution of the 13th Party Congress, he said.

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