The Vietnamese government plans to borrow 1.7 VNĐ quadrillion in 2021

The government would limit the issuance of new guarantees on corporate loans with an increasing rate of total outstanding government-backed loans not exceeding the country’s gross domestic product (GDP) growth rate. The increase in short-term corporate and financial foreign trade credits would be limited to less than 18-20 percent per year and below $ 6.35-7 billion for medium- and long-term credit. To keep the country’s external debt within allowable limits, the government would borrow more than UN624.2 trillion in 2021, around 84% of which came from domestic lenders and the remainder from foreign sources. would be spent to make up for overspending, VNĐ260.9 trillion on debt and VN44.4 trillion to refinance.