On October 15, Deputy Prime Minister Nguyễn Văn Thắng signed Decision 1989/QĐ-TTg amending parts of the Public Debt Strategy to 2030 (Decision 460/QĐ-TTg dated April 14, 2022). For 2026–2030, annual public debt must not exceed 60% of GDP, government debt must not exceed 50% of GDP, the government's direct debt service must not exceed 25% of total state budget revenue, and national external debt must not exceed 50% of GDP each year. The decision requires linking ODA and concessional foreign borrowing to long-term repayment capacity, prioritizing key infrastructure, and tightly managing local government borrowing and repayment. The State Bank of Vietnam will lead efforts to improve statistics on self-borrowed, self-repaid foreign debt, and the government aims to bring Vietnam's sovereign credit rating into the investment-grade category as soon as possible.
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Original headline: Chính phủ: Nợ công hằng năm không quá 60% GDP
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