The public debt increased by 17.1 per cent or VNĐ333.3 trillion over 2013, according to the SAOV audit report. “Though the audited public debt index was generally in line with the Law on Public Debt Management, its content might have overlapped or failed to fully record all the government’s debts,” SAOV General Services Department Director Đào Văn Dũng said. The official public debt amount in 2014 turned out to be slightly lower than the earlier report of the World Bank, which believed that Việt Nam’s public debt was VNĐ2.35 quadrillion. Such a decision was not in accordance with the Law on State Budget or any other relevant regulations. The proposal sparked controversy, especially when public debts were already too high to cover any extra financial agenda.

Source: Viet Nam News August 26, 2016 08:06 UTC