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Public Debt of Vietnam Free Essay, Term Paper and Book Report

Shock from the public debt crisis in Greek is spreading to some other EU countries. This makes other countries, especially countries with large public debt and chronic budget deficits, to reassess the situation of their fiscal. In Vietnam, continuously increasing public debt makes the requirement for higher quality public debt management in Vietnam is becoming urgent. According to the Ministry of Finance, "public debt", including government debt, debt that is guaranteed by government debt and debt of local government units. Under this definition, the total outstanding loans to the end of 2009 of Vietnam is estimated at 44.7% of GDP, of which government debt was 35.4%, government-guaranteed debt was 7.9% of GDP and local government debt is 1.4% of GDP. This concept of public debt of the Ministry of Finance is narrower than the concept of international popularity. Under the debt management system and financial analysis of the UN Conference on Trade and Development (UNCTAD), public debt includes the liabilities of the central bank, the government units (including s......

Word Count: 938
Page Count: 3.7  (250 words a page / double spaced)


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