The Vietnamese government plans to borrow 1.7 VNĐ quadrillion in 2021

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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.

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