Vietnam fiscal threat looms as debt tops Asian neighbors: chart

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Vietnam fiscal threat looms as debt tops Asian neighbors: chart

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Vietnam’s government is facing the biggest fiscal strain among emerging markets in Southeast Asia as public debt climbs, economic growth moderates and foreign reserves fall. State debt is set to reach 64 percent of gross domestic product this year, compared with 41 percent in Thailand and 56 percent in Malaysia, the World Bank said in a report this week. Total foreign debt is still fairly moderate though compared to peers. While growth in Vietnam is forecast to ease to 6.2 percent this year from 6.7 percent in 2015, risks are “overwhelmingly on the downside,” the lender said.

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