Temporary Suspension of Issuance of New Guarantees by the Government of Vietnam for Loans

07:46, 11/07/2024

This is one of the key tasks of the Medium-Term Debt Management Program for the 2016-2018 period, which has just been approved by the Prime Minister of the Government of Vietnam in Decision 544/QD-TTg dated April 20, 2017.

with the aim of organizing the mobilization of loan capital with appropriate costs and risk levels, meeting the needs of balancing the state budget and economic-social development in each period, the Prime Minister has set forth several objectives as follows:

- Temporarily suspend all new issuance of government guarantees for domestic and foreign loans;- Limit the deficit and debt levels of local governments, accordingly, the local budget deficit in 2017 is approximately 6,000 billion VND, and in 2018, it is approximately 11,100 billion VND;- Proactively fulfill debt repayment obligations in full, preventing overdue debt situations that could affect the international commitments of the Government of Vietnam;

For detailed content of the Program, see Decision 544/QD-TTg effective from the date of signing.

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