Foreign debt of Vietnamese enterprises amounts to US$41 billion
By Minh An
September 22, 2017 | 10:09 AM GMT+7
The amount of interest and fees that Vietnamese businesses have to pay in this year is about US$1.56 billion.
Source: TheLEADER
According to the report of the Ministry of Finance, by the end of 2015, Vietnam's total external debt is US$80 billion of which the government owed US$39.6 billion and the debt of enterprises was US$41.2 billion.
Compared with 2014, the total external debt of the government and enterprises increased by about US$10 billion of which, a large amount was borrowed by enterprises with nearly US$9 billion. The government debt increased only US$1.6 billion.
From 2011, the external debt of Vietnam has increased by US$30 billion.
The report also indicated that at the end of 2015, total government debt was US$94.3 billion. In addition to this foreign debt, the government also borrowed US$54.6 billion from domestic market. Compared with 2014, government debt increased by US$8 billion mainly due to more domestic borrowing.
From 2011 to 2015, the government debt increased by about US$10 billion.
In addition to direct debt, the government was guaranteeing another US$20.7 billion loan, including US$11.3 billion in foreign loans and US$9.4 billion in domestic loans. The amount of guarantee debt increased by US$7 billion from 2011 to now.
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