Vietnam Industry and Trade News Bulletin for May 21, 2019
A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Public Debt and Finance • Public Debt Reduction: Vietnam’s public debt ratio in 2018 fell below 60% of GDP, reaching 58.4%, the lowest in three years. On average, each Vietnamese citizen “carries” approximately 32 million VND in public debt. • Government Debt Advances: The government advanced 97 million USD to pay off debts for the Phuong Nam Paper Mill project, as the project remains unsold and assets have not…