HÀ NỘI — Deputy Prime Minister Hồ Đức Phớc has approved Việt Nam’s 2025 public borrowing and debt repayment plan and the three-year debt management programme for 2025–27. The plans aim to ensure timely repayment, safeguard the country’s credit rating, and restructure the Government bond portfolio while diversifying borrowing sources to balance the budget and support development. For 2025, total borrowing is capped at VNĐ815.2 trillion (US$30.86 billion), including VNĐ443.1 trillion for the central budget deficit, VNĐ361.1 trillion for debt repayment, and nearly VNĐ11 trillion for on-lending. Debt repayments are capped at VNĐ506.9 trillion, mostly covering direct government obligations. Borrowing will rely primarily on government bonds, official development assistance (ODA), and concessional loans. Local administrations may borrow up to VNĐ31.8 trillion, while domestic enterprises and banks without government guarantees may take up to US$5.5 billion in foreign loans. For 2025–27, government borrowing is capped at VNĐ2.218 quadrillion, with debt repayments capped at VNĐ1.346 quadrillion. The plan sets strict monitoring of debt safety, limits government guarantees, and promotes development of the domestic capital market. It also prioritises foreign capital for major projects and calls for enhanced auditing, transparency, and efficient public investment disbursement. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News