Debt and foreign debt management in Vietnam

Abstract

After decades of relatively high economic growth, Vietnam has transformed from a low-income country to a lower-middle-income country. At that time, foreign donors will gradually adjust their aid sources, giving preferential capital to poorer countries. In the context of Vietnam's foreign debt approaching the public debt ceiling set by the National Assembly, while the financial needs for investment and development are increasing, the Government must develop and apply new strategies and approaches in accessing and using foreign loans. Based on the analysis and assessment of capital sources and the management and use of foreign capital in Vietnam, the article has implications for foreign debt management policies in Vietnam in the coming time, with the goal of improving the efficiency of mobilizing and using foreign preferential loans and maintaining safe and effective public debt management.