Vietnam’s regulations on indicators of public debt safety

15:29, 30/06/2018

This is a notable new point of the Law on Public Debt Management 2017, which was approved by the 14th National Assembly of Vietnam at its 4th session on November 23, 2017 and officially effective from July 01, 2018.

According to the Law on Public Debt Management 2017 of Vietnam, indicators of public debt safety mean a system of indicators setting forth public debt ceiling and threshold ratified by the National Assembly. In particular:

- Public debt ceiling means the maximum percentage of indicators of public debt safety;

- Public debt threshold means the limited public debt safety indicators nearly reaching the public debt ceiling that requires solutions for ensuring these indicators not exceeding the debt limit ratified by the National Assembly.

Indicators of public debt safety consist of:

- Public debt-to-GDP ratio;

- Government debt-to-GDP ratio;

- The ratio of debt service of the Government (excluding on-lent loans) to total budget revenues;

- External debt-to- GDP ratio;

- External debt service-to-export turnover ratio.

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