Public debt 2025-2027: Government borrows maximum 2.2 million billion, pays 1.3 million billion

(Dan Tri) - The total Government loan is at most about 2.2 million billion VND; the total Government debt repayment is at most more than 1.3 million billion VND, of which direct debt repayment is about 1.2 million billion VND.

Deputy Prime Minister Ho Duc Phoc has just signed Decision No. 1940 dated September 8 approving the Public Debt Borrowing and Repayment Plan for 2025 and the 3-year Public Debt Management Program for the 2025-2027 period.

According to the plan, in 2025, the Government will borrow a maximum of VND 815,238 billion, including a maximum loan for balancing the central budget of VND 804,242 billion, of which a maximum loan to cover the central budget deficit of VND 443,100 billion, a loan to repay principal of no more than VND 361,142 billion; a maximum loan for re-lending of VND 10,996 billion.

Flexible mobilization sources from government bond issuance tools, ODA loans, foreign preferential loans and, if necessary, loans from other legal financial sources.

Government debt repayment is a maximum of VND 506,949 billion, of which direct debt repayment of the Government is no more than VND 468,542 billion, debt repayment of re-lending projects is a maximum of VND 38,407 billion.

Regarding the 3-year public debt management program for the 2025-2027 period, regarding government borrowing and debt repayment, the Decision clearly states that the total government borrowing for the 2025-2027 period is a maximum of about 2.2 million billion VND. Of which, borrowing for the central budget is about 2.2 million billion VND. Borrowing for re-lending from ODA loans and foreign preferential loans is about 35,000 billion VND.

The total debt repayment of the Government in the 2025-2027 period is a maximum of more than 1.3 million billion VND, of which direct debt repayment is about 1.2 million billion VND; debt repayment of re-lending loans is about 120,000 billion VND...

A bank employee in Hanoi is counting money (Photo: Manh Quan).

Regarding loans guaranteed by the Government, the Decision clearly states that the issuance level of domestic bonds guaranteed by the Government for the Vietnam Development Bank is 0 VND. The maximum issuance level of domestic bonds guaranteed by the Government in 2025 by the Vietnam Bank for Social Policies is 10,521 billion VND.

The local government's borrowing and debt repayment plan is a total loan amount of VND31,773 billion in the year; total principal repayment of VND3,323 billion; total interest and fee repayment of VND3,147 billion.

Foreign commercial loans of enterprises not guaranteed by the Government have a limit of medium- and long-term foreign commercial loans of enterprises and credit institutions in the form of self-borrowing and self-repayment of about 5,500 million USD; the growth rate of short-term foreign debt is about 18-20% compared to the end of 2024.

According to the decision, the 2025 borrowing and debt repayment plan will be implemented within the stated maximum levels. In case of a need to exceed the above maximum level, the Ministry of Finance will submit to the Prime Minister for adjustment of the plan.

Regarding the Government guarantee limit, for the guarantee for 2 policy banks issuing bonds, the Decision stipulates the guarantee level for the Vietnam Development Bank in the 2025-2027 period to be a maximum of VND 14,160 billion.

Source: https://dantri.com.vn/kinh-doanh/no-cong-2025-2027-chinh-phu-vay-toi-da-22-trieu-ty-tra-13-trieu-ty-dong-20250908181436605.htm