Enhance the control of public debt sustainability

Abstract

Vietnam’s public debt has recently been assessed to remain in safety, can control of risks, not leading to debt
crisis. However, public debt has been increasing rapidly, especially, external public debt, while budget spending
continues to rise, tax revenue decreases, the demand for investment in economic development increases. The
debt payment obligation continues to increase, pressuring many challenges to Vietnam’s public debt burden.
Experience from public debt crises in many countries shows that implementing measures to control public debt
risk early will prevent the risk of insolvency and ensure national financial security. The article aims to analyze
Vietnam’s public debt safety to evaluate and propose solutions to enhance the control of public debt risks, ensure
safety and sustainability of Vietnam’s public debt in the future.