Vietnam’s 2023 public debt at 37% of GDP

HCMC – Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance. The central Government’s debt remains comfortably below the 50% limit, at around 34% of GDP. The projected budget deficit last year is expected below 4%, totaling US$17.2 billion (or VND414,000 trillion), below the NA’s limit of 4.42%. State budget revenue projections indicate a surplus, exceeding the initial estimate by about 5%. The state budget revenue is expected to be VND1.7 quadrillion, with projected expenditures of VND2.1 quadrillion.